NAFTA trade deficits and job creation

Open trade between the U.S., Canada and Mexico under NAFTA – the North American Free Trade Agreement – took effect in January 1994. Since then, the U.S. economy has created 32 million jobs

$ billion / jobs million       U.S. imports     U.S. exports
700          2014:$645.0bn
600          2016: $571.8bn       $75.3bn      Global financial crisis  U.S. trade deficit
500                $496.5bn       $553.8bn
400
300          1994: $12.6bn  deficit
200 
100

 Jul 1994: 114.6m       Manufacturing jobs        Jul 2017: 146.6m Increase of 32m


0    1995   2000   2005   2010    2015

Dec 1993: NAFTA signed into law by President Bill Clinton
President Trump Cutting deficits will create jobs and reopen factories

      U.S. trade deficits and surpluses ($ billions)  
Deficits                                          Surpluses
China     $347                                  Hong Kong $28
$69 Japan                                       Netherlands $24
$65 Germany                                     UAE $19
$64.4 Mexico                                    Belgium $15 
$36 Ireland                                     Australia $13
$10.9 Canada                                    Singapore $9


Source: U.S. Census Bureau, Labour statistics
Pictures: Associated Press           © GRAPHIC NEWS