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says the WSJ headline,
Mexico’s government, amid a record decline in the peso, rushed to reassure both its own citizens and foreign investors that the country was on solid footing in facing the fallout of Donald Trump’s surprise victory in the U.S. presidential election.
. . .
Mr. Trump’s victory has people across Mexico scrambling to figure out the impact for a country that shares a 2,000-mile border with the U.S. and frequently has been his target on the campaign trail. His vow to tear up the North American Free Trade Agreement and build a border wall threatened to upend what has become a successful bilateral relationship under both Republican and Democratic administrations over the past 25 years.
The peso was one of the world’s hardest-hit currencies, tumbling 12% to a record low of 20.5708 to the dollar early Wednesday from Tuesday’s close.
Let’s hope Mexico approaches this as an opportunity to improve its economy and the living conditions its poorer citizens endure, in order incentivize its people to remain in their country and not risk their lives as they seek emigrating to other lands.
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