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This serves to quell inflationary pressures in Mexico. Mexico buys much of its gasoline and diesel from the United States and resells it at US$98 per barrel. Many residents of US border communities cross the border to buy fuel in Mexico, [29] thereby enjoying a cheaper fuel subsidy at the expense of Mexican taxpayers. This has caused frequent ...
Mexico and Canada account for 70% of U.S. crude oil imports, which make up a key input for the nation’s gasoline supply, according to the U.S. Energy Information Administration, a government agency.
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President Donald Trump warned there could be "some pain" after signing executive orders that imposed stark tariffs on imports from Canada and Mexico and a 10% duty on imports from China, targeting ...
Due to this increased dependency on the United States’ economy, Mexico was affected by the 2008 U.S. financial crisis more than any other Latin American nation. [7] In fact, Mexico has since been trailing behind Latin America with an average .9% per-capita output growth rate in the two decades following NAFTA's implementation.
Carlos Salinas de Gortari (Spanish pronunciation: [ˈkaɾlos saˈlinas ðe ɣoɾˈtaɾi]; born 3 April 1948) is a Mexican economist and former politician who served as the 60th president of Mexico from 1988 to 1994.
Mexico, officially the United Mexican States, is a country in the southern portion of North America.It borders the United States to the north, and Guatemala and Belize to the southeast; while having maritime boundaries with the Pacific Ocean to the west, the Caribbean Sea to the southeast, and the Gulf of Mexico to the east.
In 2012, the Port of Lázaro Cárdenas handled 30,671,996 tonnes of cargo and 1,242,777 TEU's, making the busiest cargo port in Mexico and one of the largest container ports in the country. [ 2 ] General statistics between 2001 - 2007 [ 7 ]