After the U.S. and Mexico announced a preliminary agreement over a new trade pact on Monday, Canada rejoined trade talks in Washington on Tuesday. That leaves the countries’ negotiations over a successor to the North American Free Trade Agreement, or NAFTA, at the center of attention again.
NAFTA has governed trade policy between the three countries since 1994. Here’s a look at exports and imports between the U.S. and its northern and southern neighbors in that time:
The U.S. had a small trade surplus with Mexico before NAFTA was enacted in 1994. After the trade agreement took effect, the U.S. has seen its trade deficit with Mexico increase.
America had a trade deficit with Canada in the years immediately preceding NAFTA, and that deficit has persisted at varying levels in the years since. However, the U.S. deficit as a percent of its overall trade with Canada has decreased, from about 4.8 percent in 1991 to about 4.0 percent last year.