(Rafael Bernal – The Hill)
President Trump’s threat to permanently close the U.S.-Mexico border poses economic risks to both countries and a major problem for leaders of the incoming Mexican government.
Trump tweeted early Monday, after a group of mostly Honduran migrants in Tijuana were pushed back from the border with tear gas, saying his administration “will close the Border permanently if need be.”
The tweet moved financial markets in Mexico, with the peso dropping 10 cents against the U.S. dollar Monday, according to Reforma newspaper.
The country’s financial standing was already jittery, as plunging oil prices and reduced foreign direct investment have clouded the transition period ahead of Mexican President-elect Andrés Manuel López Obrador’s inauguration Saturday. Vice President Pence is scheduled to represent Trump at the inauguration ceremony in Mexico City. Click here to read more.
- Mexico’s New Leader Faces Clash With Trump Over Migrant Caravan (New York Times)
- Trump Defends Using ‘Very Safe’ Tear Gas on Children at Mexican Border (ABC)
- Mexico’s Left Turn and the Road to Uncertainty (The Conversation)
- If Trump Closes the Border, Regional Economy Could Suffer ‘Catastrophic Losses’ (San Diego Tribune)
- Mexico Seeks to Calm Markets After Day of ‘Trauma’ (Financial Times)