1/27/2017 Market Watch
There are 4.9 million workers who depend on it who depend on the deteriorating U.S.-Mexican relationship.
That’s the conclusion of a study done late autumn by the Wilson Center’s Mexico Institute, a nonpartisan policy think tank, which published an in-depth study on economic ties between the two countries last November.
Tensions between the countries have rising since U.S. President Donald Trump, as he has doubled down on promises that Mexico will pay for a border wall that he has pledged to build on the border of the two countries. Mexican President Enrique Peña Nieto has been equally defiant about not paying for such a wall, and on Thursday canceled a trip to the White House that was to take place next week.
Well before the relationship seems to have reached a crisis point, Christopher Wilson, deputy director of the Mexico Institute, boiled down some fairly substantial numbers in his study. He noted that the two countries trade over a half-trillion dollars in goods and services each year — “more than a million dollars in bilateral commerce every minute.”