... deficit with its trading partners. In fact, the U.S. has its 4th highest deficit with Canada ($1.4 billion for July 1995, $18.10 billion for fiscal year 1994) and 5th highest with Mexico ($1.2 billion for July 1995, $8.21 billion for fiscal year 1994). However, this is not necessarily a problem for the U.S. - as will be shown in areas where Mexico and Canada have a comparative ... jobs. Unfortunately, the trade surplus has dropped far below expectations, and has, in fact, become a trade deficit. United We Stand reports of many prominent companies that are laying off U.S. workers in favor...

• Word Count: 1663
• Approx Pages: 7
• Has Bibliography
• Grade Level: High School