Trump Follows Through on His Highly Unrealistic Promise to Build a Wall
Jan 31 2017 by Desiree Burns
"Mexico gives and demands respect as the completely sovereign nation that we are", Mr Pena Nieto said.
"Mexico with the United States has out-negotiated us and beat us to a pulp through our past leaders", Trump said.
The two men spoke for about an hour on Friday, a day after President Enrique Pena Nieto scrapped a planned meeting in Washington next week over Trump's instance that Mexico pay for a multibillion-dollar border wall. During his presidential race, Trump constantly insisted at his rallies that Mexico would pay for the wall, despite declarations from Mexico that no such thing would ever happen.
Kroger shares were down about 3 per cent from before Mr. Trump's inauguration a week ago while food distributor Sysco has lost about 1 per cent.
In the aftermath of Trump's election, migrants sent a record $2.4 billion back to Mexico in November - 24.7% higher than than November of 2015 - according to data from the Mexican central bank.
Visiting Washington on Thursday, Mexico's Foreign Minister Luis Videgaray scoffed at the notion, arguing that this would just pass the cost of the wall on to United States consumers of Mexican goods. The precipitous drop was largely driven by uncertainty surrounding President Trump's promise to block remittances if Mexican authorities refuse to pay for the border wall.
His insistence on this point caused Pena Nieto - who had voiced optimism that he could have good relations with Trump after the USA election - to cancel a planned visit to Washington next week.
Surprisingly, no mention was made of illegal immigration from Latin America, especially Mexico, to the U.S.
Cornyn specifically expressed concern about the tax's potential impact on the United States' imports of heavy crude oil.
Trump described the call as "very, very friendly", and said he looks forward to the negotiations over the coming months.
Instead, White House press secretary Sean Spicer announced that the president is considering a new tax on Mexican imports to pay for his gratuitous wall. The President's latest proposal to ensure that "Mexico" would pay for the wall was to slap a 20% tariff on Mexican imports.
Vicente Fox Quesada led the country from 2000 to 2006, and he had strong words for Donald Trump (including a very strong hashtag). "We are going to have to get used to living like this", he said on Mexican radio.