Peso Tumbles After Mexican President Finally Responds To Donald Trump Border Wall Demand

Mexican President insists that they will not pay for the wall and Donald Trump put out an ultimatum. Now Mexico is paying for their defiance as the Peso took a major hit today when he came out and canceled his January 30th trip to meet with President Trump.

From Yahoo:

Mexican President Enrique Pena Nieto said on Thursday he had scrapped plans to meet Donald Trump next week after the U.S. president tweeted Mexico should cancel the meeting if it was not prepared to pay for his proposed border wall.

“This morning we informed the White House that I will not attend the work meeting planned for next Tuesday with the POTUS,” Pena Nieto said on Twitter, referring to Trump.

“Mexico reiterates its willingness to work with the United States to reach accords that favor both nations.”

From The Business Insider:

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.

Source: Gateway Pundit


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