Mexico country-specific exchange traded fund continued to weaken Wednesday as the peso currency depreciated to a historic low shortly following President-elect Donald Trump's new conference. "It's not going to happen that way any more", said Trump, who noted Ford's decision to abandon a proposed $1.6-billion plant in Mexico and invest in MI plants; Fiat Chrysler's plans to invest in plants in Warren and Toledo; and Carrier's decision to keep 1,000 jobs in IN following Trump's election.
At Wednesday's press conference, Trump named various ways that Mexico could pay America back for building the wall such as a tax or a payment.
What does Mexico have to say about this?
He asks, "What's the difference?" I love the people of Mexico. They're phenomenal people. The government of Mexico is terrific.
"I don't blame them for taking advantage of the United States". I wish our politicians were so smart. What I say is we shouldn't have allowed that to happen.
"Not gonna happen that way anymore", he promised. Trump also reiterated that the Mexican government would reimburse the United States.
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However, the Kremlin had rejected such accusations and on Tuesday expressed its readiness to further cooperate with the US. We categorically rule out the possibility that Russian officials or official bodies could have been involved.
Meanwhile, Mexico's new foreign minister today said that there is "no way" that his country will pay for the wall. But the President-elect said he'd rather build the wall and get payment from Mexico later.
"The United States has the right to protect its borders".
During the television interview, Videgaray said he had a "very favourable impression" of Kushner, whom he described as "extraordinarily competent".
"There is no way that this will happen", he said.
The Republican real estate billionaire, who assumes office on January 20, has threatened to fund the giant wall by tapping into the billions of dollars in remittances that Mexican migrants in the U.S. send back home.
Trump's remarks about making Mexico pay for the border wall drew strong reactions, including a response from former Mexican president Vicente Fox, an outspoken critic of the president-elect.