mexicans peso thunderstruck by trump win
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Mexicans, peso thunderstruck by Trump win

Egypt Today, egypt today

Egypt Today, egypt today Mexicans, peso thunderstruck by Trump win

People gather at a bar in Mexico City, as US poll results come in
Mexico City - AFP

Mexicans bowed their heads in disbelief, the peso tumbled and the government prepared a response as Donald Trump, whose anti-immigrant rhetoric infuriated the country, won the US presidential election.

At an American barbecue restaurant called Pinche Gringo in Mexico City, a festive mood turned somber as Mexicans and Americans rubbed their necks and could barely utter a word as they watched television networks confirming Trump's victories in key states against Democrat Hillary Clinton.

"I feel very sad. It's a nightmare, with a lot of uncertainty about what's going to happen," said Erick Sauri, a 35-year-old architect, who wore a blue T-shirt reading "Hillary Clinton for President."

"For now we're already making less (money) than we making yesterday," Sauri said, referring to the national currency's fall to a record low.

The dollar was buying 20.78 pesos, eclipsing the Mexican currency's  previous low of 19.93 set in September.   

Mexicans have closely watched the US presidential campaign ever since Trump burst into the scene last year by calling migrants "rapists" and drug dealers.

The Republican real estate tycoon has pledged to deport millions of undocumented immigrants, force Mexico to pay billions of dollars for a border wall, freeze remittances migrants send back home and renegotiate the North American Free Trade Agreement (NAFTA).

Mexican Finance Minister Jose Antonio Meade and central bank chief Agustin Carstens were due to address the media early Wednesday to outline actions the government will take in response to the peso's fall.

Meade said last week he expected such market "volatility" if Trump won, while Carstens said the government had an unspecified contingency plan in place to weather the storm.

Foreign Minister Claudia Ruiz Massieu, meanwhile, cancelled a late night news conference. An official said she would speak after both Trump and Clinton have spoken.

- Meeting Mexican president -

n the runup to the election, Mexicans vented their anger in different ways, crushing Trump pinatas, burning his effigy and organizing an exhibit of cartoons mocking him as a Nazi or excrement.

Their president, Enrique Pena Nieto, tried a different approach, shocking many in his country when he met Trump at his official residence in Mexico City on August 31.

Pena Nieto's failure to forcefully condemn Trump during a joint press conference angered Mexicans.

While the Mexican leader later tweeted that he had told Trump that his government would never pay for the wall, several analysts saw the visit as a mistake that helped Trump burnish his presidential image and Pena Nieto himself later admitted that the invitation was "hasty."

But his invitation may pay off now, since Pena Nieto said his goal was to open dialogue with a man who could become the next US president.

- Good or bad? -

But that was little consolation to the Mexicans at Pinche Gringo, a Mexican-American-owned restaurant whose name refers to an insult lodged against Americans.

"I'm dismayed. It's incredible that so many people voted for a message of hate. It's like a bad dream," said Monserrat Valencia, a 25-year-old economist, who left the restaurant even before Trump was declared the winner.

But not all saw doom and gloom.

Carlos Arturo Fernandez, a 36-year-old Uber driver navigating heavy traffic on a rainy night, said things may not turn out that bad with Trump as US president.

"Whether it's Trump or Hillary, it can bring bad things and good things," Fernandez said.

 

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

mexicans peso thunderstruck by trump win mexicans peso thunderstruck by trump win



GMT 21:06 2017 Monday ,01 May

Will Smith at all-star Jazz Day in Cuba

GMT 06:25 2017 Monday ,27 November

Bali raises volcano alert to highest level

GMT 12:45 2018 Monday ,26 November

Israeli forces close entrance of village in Ramallah

GMT 12:14 2018 Monday ,08 October

HM King congratulates Ugandan President

GMT 13:49 2017 Thursday ,17 August

Alibaba posts 94% surge in quarterly profit

GMT 08:47 2017 Saturday ,10 June

CDD responds to 236 various incidents

GMT 00:31 2015 Saturday ,16 May

Canada plans 30% CO2 emissions cut by 2030

GMT 03:31 2017 Wednesday ,22 February

‘Man-made’ climate change a major woman’s problem

GMT 10:42 2017 Thursday ,16 November

Algeria FM leaves Cairo following tripartite meeting

GMT 11:08 2017 Tuesday ,03 October

Moscow, Riyadh willing to boost cooperation
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday