Mexico's Obrador has to stand up to Trump

Mexico's Obrador has to stand up to Trump

Mexico's Obrador has to stand up to Trump

Mexican voters overwhelmingly backed Andres Manuel Lopez Obrador in Sunday's presidential vote, with at least 53 percent of voters casting their ballot for the leftist candidate. He later joined the Party of the Democratic Revolution and more recently formed his own party, the National Regeneration Movement - known as MORENA.

Even so, the peso weakened around 1 per cent against the dollar and Mexico's S&P/BMV IPC benchmark stock index was also down nearly 1.5 per cent as exit polls showed Lopez Obrador's MORENA party performed strongly in the elections, which were also for members of Congress.

According to a poll by Oraculus, Lopez Obrador was favored by 48.1 percent of voters. "It will be a radical change, but nobody should be scared".

Lopez Obrador told the Televisa network Monday that he will respect the current team of negotiators, and let them continue representing Mexico until he takes office December 1, noting that he wants to have information on what's being discussed and "to help as much as we can".

Mexico's election of leftist candidate Andres Manuel Lopez Obrador as president may have portended more trade trouble between the two countries, but businesses see President TrumpDonald John TrumpTrump: Democratic voters will support Republicans because of ICE criticism Coney Barrett, Kavanaugh among candidates who met with Trump: report Trump administration recommends against allowing China Mobile access to USA market MORE as the greater threat on North American Free Trade Agreement (NAFTA).

Lopez Obrador previously vowed to throw the energy reform out but now says contracts merely will be reviewed for any illegalities.

Twenty-six-year-old Juan Carlos Limas said he's "concerned that some candidates are making proposals that are impossible, because they're very expensive to carry out". I would say, even better than anticipated, and I told him a number of years ago when I saw him campaigning for a different race, a different era, I said he'll be someday the president of Mexico. The conversations with Pompeo will touch on those subjects, as well as security and trade, Mexico's Foreign Ministry said in a statement.

He said that in the phone call, they had touched on a possible trade deal between the United States and Mexico.

Trump congratulated Lopez Obrador in a tweet on Sunday.

Experts said such a number would not make a difference in a vote with a clear front-runner, but candidates in future elections might pay more attention to voters north of the border.

Glossop said Lopez Obrador's win is unlikely to influence monetary policy decisions this month.

Investors have always been expecting a victory by Lopez Obrador, who held double-digit leads in polls for months.

On the campaign trail, he made repeated calls to assert Mexico's sovereignty.

"Mexicans will be work and be happy where they were born", he said.

His unconventional, and at times inconsistent, policy stances have sometimes led to comparisons with Trump and have rattled nerves in the business community.

The peso has been volatile since Sunday's result, but was up 2.5 percent against the dollar on Tuesday, leading gains among emerging market currencies.

He also plans to tour the country without secret service protection, and to dissolve the guard corps that has protected presidents since 1926. "That is what brought us to this", she said.

"We're looking at a shift in Mexican politics", he explained. His economic advisers repeated this message in a call on Monday with investors and in an interview with Reuters.

"I reiterate my promise to not betray your confidence which millions of Mexicans have placed in me".

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