Despite President-Elect Donald Trump’s promise to build a wall on the Mexican-American border and compel Mexico to pay for it, the Mexican government has proclaimed that it would do no such thing.
However, authorities have promised to work with Trump in order to enhance border security, an issue that proved popular among those who voted for him.
Trump’s victory might prove challenging for Mexico, as the president-elect has promised to withdraw from the North American Free Trade Agreement (NAFTA). Trade with the United States forms a significant component of Mexico’s economy.
The incoming president has also promised to beef up border security and to tax money that migrants in America send back home to Mexico, measures that could negatively impact much of the struggling country.
News of Trump’s victory sent the peso plunging by 13 percent, its largest fall in decades. Mexican officials have announced that the government will soon put in place measures to shore up its currency.
Mexican President Enrique Peña Nieto stressed the importance of cooperation between the two countries in a televised speech welcoming Trump’s presidency.
“Dialogue to make agreements is still the best route for Mexico, and my government will seek opportunities that benefit both nations in this new phase of bilateral relations,” he said.