US Foreign Policy

POLS 135: US Foreign Policy
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POLS 135: US Foreign Policy
Despite the immigrant challenges that have shaken the USA and Mexico's relationship, there are positive reasons to prove the strong relationship between the two (Harmon, 2021). In 2020, Mexico was regarded as the top three-nation in bilateral relationships. For example, the total exports to Mexico totaled $582 billion in 2020. That alone reflects the significance of the relationship between the two countries. Notably, Mexico is a depot for crude oil, and in 2020, the country supplied the USA with million tons of oil which made it the most significant oil supplier to the USA. On the other hand, the USA exported machinery and other technical products to Mexico. Of note, this particular set of data reflects the 2020 financial year alone.
Their relationship has been concreted for more than five decades. Different reasons support the strong relationship between the USA and Mexico (Harmon, 2021). For instance, the proximity between the two countries makes business flow fast and effective. The NAFTA (North American Free Trade Agreement) fosters a strong relationship between Mexico and North America (Griffin, 2018). Both USA and Mexico have strong cultural and economic ties which cannot be broken. Every country has its challenges but identifying strength is the most crucial entity in business. For this reason, USA and Mexico have realized their potential in terms of export and imports. Canada has been included in the bracket, and it is increasing excellent business relations with Mexico. However, the cost of their relations has been relatively high, especially with a political imbalance in Mexico.
The economic policy was officiated in 1994, and the agreement's objective (NAFTA) was to enhance the supply chain for companies in both countries (Hiemstra, 2019). Mexico is a top import destination for American products after China and Canada. However, the USA and Mexico have had great tension in immigrants and business for the last five years. These two items affected their relations, especially during the Trump administration. The Trump administration imposed the aluminum tariffs led to a breakout between the two countries. The increased tariffs on imports affected business on both sides. The prices of oil increased, which also affected supply chain manufacturers. There has been a bilateral meeting to foster and curb some of the challenges associated with the fallout. The High-Level Economic Dialogue is a bilateral effort meant to strengthen economic relations between the two countries.
HLRCC (High-Level Regulatory Cooperation Council) is a border management policy that was started to solve border issues (Becerra, 2012). Policy interests are critical in every country since they help enhance productivity and boost the economy of a nation. The vast market for USA products has enabled the relations between the two countries to be incredible. The credibility of the policies structured by both USA and Mexico policies is reflected in business expansion on both sides. Mexico has a large population which provides a ready market for different products. In this case, the country has a high...