Posted on 01/26/2017 9:33:41 AM PST by Enlightened1
The peso is tumbling after Mexico's president, Enrique Peña Nieto, says he won't meet with US president Donald Trump.
The peso is down by 1.2% at 21.3175 per dollar as of 11:57 a.m. ET.
The currency was up as much as 0.8% at 20.9358 per dollar around 8:50 a.m. ET.
"This morning we have informed the White House that I will not attend the meeting scheduled for next Tuesday with the @POTUS," Peña Nieto tweeted , according to an online translation.
This follows Trump's earlier tweet on Thursday morning: "The U.S. has a 60 billion dollar trade deficit with Mexico. It has been a one-sided deal from the beginning of NAFTA with massive numbers of jobs and companies lost. If Mexico is unwilling to pay for the badly needed wall, then it would be better to cancel the upcoming meeting."
Peña Nieto was initially scheduled to meet with Trump on Tuesday in what would be the duo's first bilateral meeting since the new US administration took office.
Mexican opposition figures urged President Enrique Peña Nieto to cancel the meeting to protest his demand of payment for the border wall, according to reports on Wednesday. Peña Nieto said in a recorded address that was nationally televised, "I regret and reject the decision of the US to build the wall."
Trump told ABC News anchor David Muir in an interview broadcast Wednesday night that he wanted construction on the wall to begin as soon as possible. When Muir asked whether that meant construction would start within months, Trump said, "I would say in months, yeah."
(Excerpt) Read more at businessinsider.com ...
I bet when Trump heard that corrupt little screw worm presidente cancelled, a smile could be detected on Trumps face.
Make an example out of these SOBs Trump.
Yeah, and gun control will mean no more gun crimes, too.
Enforcement will be so easy to effect.
ROFL...and what about those ‘Jeb Taco Bowls’, I bet they are really cheap now...
I was looking at property in Cabo and things don’t look all that cheap too me - and tee times aren’t cheap. Looks to me like they just price in dollars regardless of peso value.
Looks like Mexico is already paying.
That is true, senorita....................
The VALUE of being here is rising sharply. That’s the REAL incentive. We’re destroying the Mexican economy and making dollars worth greatly more. People will take the risk to come because there will be no alternative.
LOL! Don't forget - they also threatened to pull out of NAFTA - that'll do wonders for their end of the trade gravy train....
Shouldn’t we declare war on Mexico if Mexico’s cartels are waging war against us?
Mexicos involvement in the illicit drug trade in the United States:
Marijuana: Mexico is the *number one* foreign supplier of marijuana to the United States, and marijuana is thought to be the top revenue generator for Mexican drug cartels.
Cocaine: Mexico does not produce cocaine, however, Mexican cartels move Columbian cocaine through South and Central America and into the United States. An estimated *93* percent of cocaine headed to the US from South America moves through Mexico.
Methamphetamine: Mexico remains the *biggest* foreign supplier of methamphetamine to the United States, and Mexican drug cartels set up labs to manufacture meth on both sides of the border, controlling labs in Southern California as well as domestically.
Heroin: While Asia and the Middle East remain the biggest producers of heroin, Mexican black-tar and brown heroin is on the rise. In fact, 39 percent of heroin identified under the DEAs Heroin Signature Program (HSP) in 2008 came from Mexico, making Mexico the source country for many of the heroin abusers west of the Mississippi River.
Mexico’s government and the drug cartels work hand-in-hand in drug and human trafficking into our country.
Declare war on Mexico. Polk was right. Pershing, Patton ... all right.
Standing orders to Border Patrol should be: “Suspected Mexican cartel mules on American soil? Shoot on sight.”
If they want to shoot back, bring back one or two of our legions from the other side of the world being used to protect the borders of some lousy Arab -stan.
Mr. presidente is sorely mistaken.
Cool, I need some stuff from Mexico, it’ll be cheaper now.
"Adios, Mofo!"
Mexico should pay for the wall because of its refusal to clamp down on illegal entry to the USA.
It is easy to see why your name is babble-on, fits you perfectly.
There is no relationship of border security to gun control in any way whatsoever. You know that.
Wait until the illegal aliens from Mexico start flooding back to Mexico. It happened in a more limited amount when AZ passed its e-verify law (upheld by SCOTUS). The Mexican mayors along the border met with AZ legislators telling them the influx of their citizens from the US was causing havoc in their communities.
Least Cuba is paying its bills with Rum or Cigars.
I guess he didn’t see that coming!?
The cost of coming and being here illegally goes up every day as well. You have to factor that in. People always have an alternative.
You have to go Paco.
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