Trade Isn’t a Zero-Sum Game

Mexico is the U.S.’ second largest export market and third largest overall trading partner. A myth is that trade with Mexico is solely in low-tech and manufacturing. The reality is that the U.S.’ southern neighbor is the world’s third-largest IT exporter, the main supplier of the medical device industry in the U.S. and is the sixth-largest supplier to the U.S. aerospace industry. More than 300 companies specializing in aeronautics, space, defense, drones, and maintenance/repair/overhaul operations are part of the country’s Aerospace Clusters, which provide vital functions for U.S. companies such as Boeing, Gulfstream, Honeywell, UTC Aerospace and Lockheed Martin, among many others. Particularly since the advent of the NAFTA, U.S.–Mexico trade has evolved into a complex supply chain, with components often crossing the border multiple times during the manufacturing process. As a regional partnership, it makes both countries more competitive, resulting in opportunities they might not be able to acquire on their own. And beyond creating goods and services, it’s a system that has built millions of jobs.