No one believed that Donald Trump would follow through with the promises he made on the campaign trail. However, it has started to slowly sink in that President Trump wasn’t bluffing or speaking rhetorically, he is actually going to keep his promises.
We have never had a president like Donald Trump before, and it appears that Mexico hadn’t realized the reality of the situation until after President Enrique Peña Nieto canceled an upcoming meeting with Trump. President Nieto canceled the meeting once Trump signed several executive orders dealing with immigration that included the start of construction on the border wall, and beginning the process to renegotiate the North American Free Trade Agreement.
According to reports, Peña Nieto tweeted the following: “We have informed the White House that I will not attend the working meeting planned for next Tuesday with @POTUS. Mexico reiterates its willingness to work with the United States to reach agreements that favor both nations.”
YIKES! Unfortunately for Mexico, the country’s stubborn stance combined with a very determined President Trump didn’t go over too well with the global currency market, as reports revealed that the Mexican peso plummeted all across the board.
Now, the peso has dropped over an entire percentage point against the U.S. dollar! This means that in order to have an even exchange, you would have to have roughly 21.31 pesos to the dollar.
Peña Nieto was still having none of it, he flatly stated, “I regret and reject the decision of the U.S. to build the wall.”