"It's like a whole other country."
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 ...
My issue is I love being close to the ocean. I’m on the west coast so Florida is too far, CA coast is so expensive, Rancho Mirage is possible but no ocean. Need a place to go during the Northwest winters.
Odds are, if they did get shot, you wouldn't hear about it.
exactly. a worthless peso will encourage illegals to come here at whatever risk to send strong dollars back to mexico. we need to put a fee on dollars sent to mexico as well as increasing border security.
mexico has no cards to play. time to go all in and take the pot. (no pun intended)
We need something to regulate the flow of winning to a controllable flow.
Hi guy.
“Already paying for wall by lowering our import costs?”
Bingo! There are so many ways to have Mexico pay for the wall.
Only six posts.
5.56mm
Trump played the Mexican guy like the fool he is. You never walk away from these type of meetings.
Mazatlan. San Felipe. Rosarita.
Trump: “Oh no!! Who was that again...?”
"It's like a whole other country."
A matter of degree. There is sufficient incentive already due to the predations of the narco-oligarchy and its associated miseries.
Thanks for the suggestions!
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