Mexico’s Trade Deficit Widens in September

10/26/16 The Wall Street Journal

MEXICO CITY—Mexico’s trade deficit increased in September as imports of petroleum products and components outpaced growth in crude oil and factory exports.

Exports last month rose 1.4% from a year earlier to $32.62 billion, while imports grew 1.7% to $34.23 billion, for a deficit of $1.61 billion, the National Statistics Institute said Wednesday. It was wider than the year-ago deficit of $1.47 billion and the expected deficit of $535 million.

Petroleum exports rose 5.7% from a year before to $1.89 billion as state oil company Petróleos Mexicanos increased its crude shipments to 1.425 million barrels a day from 1.169 million. The increase last month coincided with a sharp drop in Pemex’s refinery output.

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“Mexico to double berry output in four years with China’s help”

10/24/2016 EJInsight

Mexico expects its berry production to double in the coming four years with rising demand from China, the world’s second largest economy.

Mexican berry exports, which include blueberries, raspberries, blackberries and strawberries, are worth about US$1.5 billion a year, up 20 percent every year, Mario Alejandro Andrade Cárdenas, vice president of Foreign Trade of the National Agricultural Council (CNA), told EJ Insight.

“With such strong growth, which is partly contributed by China, it is likely that we will be able to double our production of berries in about four years,” Andrade said.

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Yes, Ford Is Building Plants in Mexico. No, It’s Not Cutting U.S. Jobs.

10/18/16 The New York Times

2000px-Ford_Motor_Company_Logo.svgDETROIT — In the summer of 2008, with the Great Recession underway and Detroit’s auto industry in a free fall, Ford Motor took a big gamble: It would switch three of its North American assembly plants from building trucks and sport utility vehicles to making small passenger cars.

With gasoline prices rising above $4 a gallon at the time and truck sales plummeting, Ford was losing billions and — along with General Motors and Chrysler — teetering on the verge of bankruptcy.

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Lower revenue, Mexico problems hurt Kansas City Southern profit

10/18/16 Reuters

Regional U.S. railroad Kansas City Southern (KSU.N) on Tuesday reported a worse-than-expected quarterly net profit, weighed by falling freight volumes and disruptions stemming from anti-government protests in Mexico.

The railroad said that revenue in the third quarter was down 4 percent versus the same period in 2015.

The company saw revenue from its automotive business down 6 percent and revenue from intermodal, or consumer goods shipments, fall 7 percent, largely due to the Mexican service interruptions.

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Export Or Import Directions

U.S.-Mexico trade talks leave one top sugar company with sour taste

10/6/16 Reuters 

As the U.S. government reworks a supply deal with Mexico, a top player in one of the world’s largest sugar markets is crying foul and claims competitors are using the trade talks to deny it access to cheap Mexican sugar imports.

Mexico is the top supplier to the U.S. sugar industry and negotiators from both countries are in talks to change a 2014 trade pact that prescribes the balance of raw and refined sugar that heads north to ensure U.S. refiners have what they need.

But CSC Sugar LLC, which produces liquid sugar to sweeten ice cream and make frosted coatings, said the proposals would exclude it and others from the export quota allotted to Mexico.

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Debunking Trump: We Have Moved Jobs To Ohio From Mexico, Not The Other Way, Ford Says

03/10/16 Forbes

us mex flagContrary to Donald Trump’s claims that “thousands” of Ford (NYSE:F) jobs are leaving Ohio, the Dearborn-based automaker has actually moved production from Mexico to Ohio, a key a battleground state, a company spokesperson said.

“Nope. In fact, we insourced production of F650 and 750 [trucks and tractors] from Mexico TO Ohio,” Christin Baker, spokesperson for Ford told me when asked about Trump’s allegations.

From 2000 to 2014, the F-650 and F-750 were manufactured in Mexico. But in 2014, production shifted to Avon Lake, Ohio.

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Why Are We Threatening Millions Of U.S. Jobs Without Debating The Facts?

09/30/16 Forbes

map_16540601_02fdd26a2504707fd2b96d6199050ce7784e5bc1Trade with Mexico supports some 4.9 million U.S. jobs, according to a new project by the Woodrow Wilson Center’s Mexico Institute. We should be seriously thinking about the millions of U.S. jobs supported by trade with our southern neighbor while weighing the wisdom of calls for imposing 35% tariffs on Mexico, blocking remittances to Mexico from workers in the United States, and abrogating our trade agreement with America’s second largest customer.

The United States sells more to Mexico than any other country in the world except Canada.  We trade more than one million dollars a minute with Mexico.  Some 57,000 U.S. companies, large and small, participate in that trade.

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