Pena Nieto Snubs Trump: Tells White House Won't Attend Meeting, Peso Tumbles

Tyler Durden's picture

Things just got more "complicated" in US-Mexican relations, when on Thursday morning the feud between the US and Mexico deepened after president Pena Nieto said he cancelled a planned summit with Donald Trump over the US president’s insistence that Mexico pay for his proposed border wall between the two countries.

“This morning we have informed the White House that I will not go to the meeting scheduled for next Tuesday with “POTUS,” Enrique Peña Nieto tweeted in Spanish. 

The fresh deterioration in diplomatic relations between the US and Mexico came after the US president tweeted earlier on Thursday that if “Mexico is unwilling to pay for the badly needed wall, then it would be better to cancel the upcoming meeting”.

“The US has a 60 billion dollar trade deficit with Mexico. It has been a one-sided deal from the beginning of Nafta with massive numbers of jobs and companies lost,” Trump added on Twitter, underlining his determination to renegotiate the North American Free Trade Agreement.

Peña Nieto had initially resisted heavy domestic pressure to cancel the meeting with Mr Trump. Mexican foreign minister Luis Videgaray told local TV station Televisa on Wednesday “for now, the meeting is still on”. Instead, Mr Videgaray had sought to take the sting out of a potentially highly damaging diplomatic dispute, highlighting some “very encouraging” signs from Mr Trump and his team and an “outstanding willingness” to work together, despite what he said had been “a day of contrasts”.

Nieto decided to pull a Trump, and make the public statement from his own Twitter account

After canceling his trip, Pena Nieto added that his still wants to work with the US, and reach accords.

Vicente Fox, the former Mexican president, stoked the flames in cruder terms in a series of tweets. “Donald, don’t be self-indulgent. Mexico has spoken, we will never ever pay for the #F**kingWall,” he tweeted on Thursday morning.

And just like that NAFTA may be over. And the peso is plunging...

* * *

With Vicente Fox whining that Mexico "won't pay for the f**king wall," and Pena Nieto confirming "Mexico does not believe in walls," President Trump just double-tweeted exactly how our southern border 'friends' will end up paying for the wall or else!...

Did Trump just give Pena Nieto an out for next week's meeting? We suspect not as the angry tweet seems to have cornered Pena Nieto into a decision.

As a result of the Trump tweet, the Peso has tumbled erasing all the day's gains...

 
 

The tweet comes after Mexico’s president on Wednesday once again declared that “Mexico will not pay for any wall” but stopped short of cancelling a visit to Washington after Donald Trump signed executive orders that include building the border barrier.

Enrique Peña Nieto reiterated that Mexico would not put a single peso towards the new US president’s signature project. In a televised address he said: “I regret and reject the decision of the US to build the wall.”

 

“I have said time and time again, Mexico will not pay for any wall,” Peña Nieto told the nation in his short video statement on Wednesday night.

 

“Mexico reaffirms its friendship with the people of the United States and its willingness to reach agreements with its government.”

 

He left up in the air the question of the 31 January meeting with Trump in the White House – saying his decision would depend on an evaluation by a team already in Washington and officials at home.

While the costs of "building the wall" are largely unknown, estimates have been made by both political parties...

Infographic: The Economics of Trump's Mexico Wall | Statista
 

Mexico now finds itself in a double bind, squeezed not only by Trump, but also by its partner Canada, which as we reproted last night, has left Mexico on its own. Recall that Canada will focus on preserving its U.S. trade ties during talks to renegotiate NAFTA and may not be able to help Mexico avoid being targeted by the Trump administration, Canadian government sources say.

"We love our Mexican friends. But our national interests come first and the friendship comes second," a source said on the sidelines of a cabinet retreat in Calgary, Alberta. "The two are not mutually exclusive," the source added. 

 

In other words, when it comes to preserving NAFTA, it's important, but what is more important is being on good enough terms with Trump to be able to cobble together a bilateral treaty should NAFTA fail.  As Reuters reports, the comments are some of the starkest yet by Canadian officials, "who are increasingly convinced Mexico will suffer the most damage from changes to the North American Free Trade Agreement."

 

Reuters' government sources note Mexico and Canada would appear to have little in common. Trump is unhappy about the large U.S. deficit with Mexico and has promised to punish firms with manufacturing bases there. "Our negotiating positions are totally different. Mexico is being hung out of an skyscraper window by its feet," said a second government source."Mexico is in a terrible, terrible position. We are not," said another Canadian person involved on the trade file.

Nieto just may have to pay for that wall after all.

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FreezeThese's picture

So stupid ... pickup the phone and call him - your supporters won't stand for no wall sweetheart

USisCorrupt's picture

Sorry but I am with what Trump decides what is best for the US of A !

Leopold B. Scotch's picture

We don't need a wall. We just need to rescind all the stupid laws that incentivize people to cross an imaginary line between us so they can load up on free benefits.  It means also cutting off the freebies from our own parasites and deadbeats.

 

http://www.importanceofconsent.com/?p=182

 

This "wall", if built, will become it's own economic boondogle and eventually could be used to prevent us from leaving.  It's a waste.

Fukushima Sam's picture

The wall is going to be much more needed in twenty years or so as all the climate refugees try to move north.

If Canada was smart they would start on their own wall!

Jeffersonian Liberal's picture

Kind of hypocritical of the female Obama, don't you think?

She accuses them of enabling terrorists.

But then she proudly wears her military uniform and uses her military service (just as John Kerry did and does) to help her get elected..

...military service that she was proud to offer for one of those US "terror wars."

You are being fooled by just another progressive. But she's "hot" and saying all the right things and you can't see that she's just another progressive, the female Obama.

Wake up.

bamawatson's picture

hey baghead dont be ascribing positions to ME

i simply posted a link

you are so sick tunnelvisoned as to be blind

the point of the article, baghead is a PLETHORA of damning evidence against traitor McStain

you wake the fuck up !

MisterMousePotato's picture

Wow. Never thought it would be this easy.

Right this minute, top management at Ford (and every other company with facilities south of the border) are meeting, and they have very serious faces.

turnoffthewater's picture

NO offense but you really are stupid.

Nona Yobiznes's picture

Climate refugees? You mean, the anthropogenic global warming type? Please, don't get sucked into that globalist money-grubbing scam. That's all it is.

gatorengineer's picture

Im starting to be come a believer, Libtards are going to start spontaneously combusting emitting alot of CO2 and other noxious gases.

Handful of Dust's picture

We can grow our own tamales and tacos Who needs Mexico.

fbazzrea's picture

If Canada was smart they would start on their own wall!

walls to the north of me, walls to the south.

here i am. stuck in the middle with you.

Head_Shots_Work's picture

Great song btw - Stealers Wheel

Mithera's picture

"If Canada was smart...."

Breaking News... they're not....

Offthebeach's picture

So Minnesota, Dakotas, Wisconsin becomes Virginia.

Whats not to like?

Muh Raf's picture

+1000 Of course the only real solution is to deal with the cause of inequality, however that brings us swiftly back to the banksters and their zionist henchmen and the big T don't want to go there

American Psycho's picture

Looks like we are in a Mexican standoff. 

wildbad's picture

remember..."The Art of the Deal"

if TPTB in Mexico have not yet read this they have lost already.

Adios

on another topic:
le Pen gets a gift:
https://www.bloomberg.com/politics/articles/2017-01-26/french-frontrunne...

dasein211's picture

I went t Costa Rice recently and saw how much influence and investment the Chinese were having there already. Same is going for Guatemala and Nicaragua. Being so blindly nationalistic and unilateral is fuckng retarded. Just think what happens if Mexico gets burned by us badly and gets courted by China. How many fucking Chinese naval and Air Force bases do you think get built there? Do you guys even think moves ahead? Does anyone here fucking play chess?

jcaz's picture

LOL- Chinese navy......

But to your point- you're thinking one step ahead-  try thinking three.

dasein211's picture

I couldn't see past the blinding mushroom cloud after 2 moves. And if you read my post that was 4 moves. Costa Rica>Central America>Mexico>military bases.

Head_Shots_Work's picture

Mexico and military? Lol. All we need is seven american psychopaths to take the whole country out. Or was that the Magnficient Seven instead of the Wild Bunch? Anyway - bunch of short pussies. They'd never get out of Texas.

Volaille de Bresse's picture

"I went t Costa Rice recently and saw how much influence and investment the Chinese were having there already"

 

Thta's normal they were attracted to the "rice" in the Costa... (sorrry couldn't resist making this joke).

SoilMyselfRotten's picture

I think that's what the wall represents, nationalism at its heart. Maybe ok as a sentiment to get elected but not a great way to portray strength. Really hope Trump lets this one go, it's beneath him and the office.

Withdrawn Sanction's picture

"the wall represents, nationalism at its heart"

It does and yet you say that like it's a bad thing.  A nation is, if nothing else, a geographically defined area over which its government exercises sovereignty (i.e., the ability to control its territory and the citizens w/in it lawfully). If it cannot exercise control, it is not sovereign. 

The decline of sovereignty is not necessarily a bad thing and in this, DJT may fighting against the tide (as is the President of Mexico).  The world is moving in the opposite direction:  toward fragmentation,  division, and tribalsim.  After a century plus of centralization and even the creation of super-national entities (like the UN, World Bank, etc.), the pendulum is swinging toward the opposite extreme.  It is the way of things. 

IntTheLight's picture

The wall is strength. Believing the more logical moral person would win is suicidal.

Get off your high horse. Self preservation is everything. The nonwhite world thinks in terms of race, not some high handed moral beliefs. Someone pointed out whites like to compete with other whites on morals. It's silly and childish.

Meanwhile every white country is being colonized by people who take advantage of our trust and generosity. By the time they outnumber us, it will be too late and white children will be slaughtered or enslaved in the country's their ancestors built.

ScotlandTheBrave's picture

If our economy stays like it is...it won't matter who is down there.

laser's picture

Maybe Mexico could get Guatemala to pay for a wall on Mexico's southern border.

Calmyourself's picture

Pretty sure there is one there..  Might want to read up on Mexicos treatment of illegals while your searching, its not gentle..

Kidbuck's picture

China can spend all the money they want and their armed forces will still be as formidable as the plastic junk at Walmart. Have the little runts produced a single heavyweight boxing champ or an NFL linebacker?

MisterMousePotato's picture

About 50 years ago, diplomacy was carried to its extreme in a place called Korea.

Maybe things have changed since then, but I'm thinking that that imbroglio still hasn't been resolved entirely to America's satisfaction?

IntTheLight's picture

A better example is how Japan so easily took over places like Nanking. But the Chinese now have our technology. And Chinese worship being Chinese. They would slaughter us simply because they know who they are and worship who they are. White men today are not the white men of yore. Too busy trying to pretend they are morally better. That's an ideology that gets you slaughtered in war.

And not to point out the obvious, but Chinese in North America most likely would support China and quietly undermine us in a war with China.

Mithera's picture

Yeah.... Trump gunna send the heavyweight boxers and linebackers to South China Sea....see how the little chink-a-roonies like that.... 

Mithera's picture

Yeah.... Trump gunna send the heavyweight boxers and linebackers to South China Sea....see how the little chink-a-roonies like that.... 

wren's picture

Mexico won't let that happen. The cartels would have to compete with Chinese Mafia. No matter how big and bad the cartels that run Mexico think they are, they would find out how a real mafia operates...

East Indian's picture

If you Americans stop buying Chinese things, they wont have money to build bases in Mexico.

 

Worse, their working class will revolt. 

yogibear's picture

Who has the larger ego and guns?

Carl Spackler's picture

Congratulations !

You, American Psycho, have won the title of "Post of the Day."

Tyler Durden, tell him what he won.

ScotlandTheBrave's picture

Not really....they have $60,000,000,000 a year to loose.  Cost of some items will go up here, but in time businesses here will answer to the call of the marketplace.  They can either fund it up front or we can take it out of their hides on the backend with tarriffs. Trump can immediately hit them with a 15% tarriif by Executive Proviledge and that'll raise 9B a year itself.  So the wall will be paid in full in under 18 months.

twh99's picture

How much cash is wired to Mexico every day?  He could pay for the wall with a financial transaction fee.

Mexico will pay for the wall one way or another.

duo's picture

You think Mexico is going to stop growing organic produce and fruits for the US in the winter? NFW.

Offthebeach's picture

Organic= sprayed with raw human /animal feces for fertilizing.

Meat Hammer's picture

Muh Raf, point to a time in history when there was equality.

I'll wait… It's going to take you a while.

Withdrawn Sanction's picture

And why should equality of outcomes be any sort of standard anyway?

Kidbuck's picture

You won't put a dent in inequality unless you are prepared to stop stupid and unproductive people from fucking.