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 ...
Soon it won’t be worth a plug nickel...................oh, wait, it already isn’t................
Mexicans better prepare to have their countrymen returning home and a lot less gringo dollars being sent to Mexico.
Already paying for wall by lowering our import costs?
You do realize that a cheaper peso helps their trade balance with the US? right? Oh of course you don’t.
Dow soaring over 20,100.
Peso tumbling...
WINNING...
Bad move on Mexico part. Good for our side.
Trump’s policies will vastly increase illegal immigration to the US, in the exact same way that Obama’s gun control vastly increased gun sales.
For a little while it does.
L
This from a country where millions of it’s people totally disrespect American law and rules.
Perfect.
A big example of this country once and for all Trump. Do it.
Which is why we need the wall and enforcement.
Hell if El Presidente DID agree to pay for the wall.
He’d probably have to give us an NSF check.
You do realize it means a dollar buys more Mexican goods then before and therefore we get the same stuff but spend less don’t you?
The pro Mexico site isn’t a part of free republic.com.
I know a lot of people here hate anything to do with Mexico, but there are a lot of good deals down there for beach vacations at Mexican resorts. If you exchange dollars for pesos before you go there you save even more.
That picture doesn’t look like winning, it looks like boozing and losing. Find a different one.
Obama didn’t build a wall around the gun stores.
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