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Steel Imports Report: Mexico. July 2017. Background. Mexico is the worldâs twelfth-largest steel importer. In year to date. 2017 (through March), further referred to as YTD 2017, Mexico. imported 2.8 million metric tons of steel, a 19 percent increase from 2.3. million metric tons in YTD 2016.
We [also] knew that low-wage manufacturing was going to move to Mexico from Canada and the U.S. And of course, part of this also moved to China and other locations, but Mexico has the advantage of proximity to the U.S.â. He acknowledges that Mexico has a surplus with the U.S. in trade â âand NAFTA accelerated that. But the U.S. runs a trade deficit with 90% of the countries in the world. So Mexico is not unique. In fact, the U.S. also runs a deficit with Canada, and thatâs mostly because of oil and gas.â. If NAFTA had not been signed, Guillen adds, âthe jobs would probably have gone to China or somewhere else; most jobs have relocated to China.