![Trump wants tax to pay for border wall](https://www.eluniversal.com.mx/resizer/v2/GTYBNXRZHNFRFOTAE7PAO2QBZI.jpg?auth=23b422451e9ef859c5e69f61653e69c1e8baced54373d70552d512ddf9d1f1f5&smart=true&width=370&height=267)
White House Press Secretary Spicer said that taxing imports from Mexico would generate US$10 billion a year and "easily pay for the wall."
White House Press Secretary Spicer said that taxing imports from Mexico would generate US$10 billion a year and "easily pay for the wall."
The jump in factory exports helped lift Mexico's trade balance to a US$28 million dollars surplus in November when adjusted for seasonal swings.
Mexico exports mostly factory-made goods and uneven demand in top trading partner, the United States, has weighed on Latin America's No. 2 economy
Corn prices in pesos jumped more than 10 percent overnight for the top U.S. customer as the surprise election result sent the currency plunging to an all-time low against the dollar
Despite the positive news for the Mexican oil giant, Mexico's oil output has fallen for a dozen years since hitting a peak in 2004
The total number of autos produced was 319,122 in June, up from 306,694 last year.
Pemex data showed average crude oil exports rose to 1.204 million barrels per day (bpd) from 1.081 million in April.
Mexico's annual oil hedge, one of the biggest sovereign oil derivatives trades in the world, is part of the country's strategy for safeguarding oil revenues from market volatility.
The auto production fell 11 percent in March compared with the same month last year and exports plunged 14.2 percent in the same period due to programmed shutdowns for maintenance and the Easter week vacation.
Mexico exports mostly manufactured goods to the United States, its top trading partner.