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crimeas [40]
3 years ago
5

Which statement best describes the trade relationship

History
2 answers:
nikklg [1K]3 years ago
8 0

Answer:

Mexico has greater purchasing power parity (PPP) than

the US

Explanation:

Talja [164]3 years ago
7 0

Answer:

The US has a trade deficit with Mexico

Explanation:

Mexico, Canada, and the US have a free trade agreement which gives the US a trade deficit with both Mexico and Canada. This includes the trade of raw goods.

The United States Has a Deficit With Its NAFTA Partners

Canada, the United States, and Mexico are partners in the world's largest trade agreement, the North American Free Trade Agreement.

The second-largest U.S. trade deficit is with Mexico at $81 billion. Exports are $265 billion, mostly auto parts and petroleum products. Imports amount to $346 billion, with cars, trucks, and auto parts being the largest components.

The trade deficit with Canada is $20 billion. The United States exports $299 billion to Canada, more than it does to any other country. It imports $319 billion. The largest export by far is automobiles and parts. Other large categories include petroleum products and industrial machinery and equipment. The largest import is crude oil and gas from Canada's abundant shale oil fields.

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