In an absurd decision by the Mexican Cabinet, the Mexican-US border remains closed to all traffic; this includes commercial and air traffic.
U.S. goods and private services trade with Mexico totalled an estimated $536 billion in 2012 (latest data available). Exports totalled $243 billion; Imports totalled $293 billion. Mexico is currently America’s 3rd largest goods trading partner and 3rd largest supplier of goods imports in 2013. The five largest import categories in 2013 were: Vehicles (cars, trucks and parts) ($59.6 billion), Electrical Machinery ($57.4 billion), Machinery ($42.6 billion), Mineral Fuel and Oil (crude) ($34.8 billion), and Optic and Medical Instruments ($10.7 billion).
While the cabinet remains convinced this is a good idea, economists from Mexico and around the world have already expressed their disapproval and concern about the decision. The Mexican Cabinet stands by its decision knowing full well that the impacts will be negative, but they want to hurt the United States. The Cabinet was in agreement that it this a short term act, but it appears that the US will cave in first.
When asked when they will reopen the border, the response was almost instantaneous; getting rid of President Obama and the cabinet with a group that is willing to deal in good faith and reestablish the relationships between America and Canada.
The cabinet is more worried about what the American president thinks about them than their own people. Closing the border to America will hurt the Americans, but not before it has killed Mexico. The Mexican cabinet needs to reconsider this decision before their country falls further into chaos and more people fall into poverty.
