City of Mexico.- At only 20 days away from elected president Donald Trump taking charge of The White House, recent presidential election in the U.S. is already affecting Mexico this 2017.
Mexico´s unemployment rate fell to just 3.6 percent nationally and 4.4 percent in the country’s 32 largest cities, the lowest unemployment rates since December 2007.
The country already contributed to the fall of the peso against the U.S. dollar. The current exchange rate is 21.43 pesos to the U.S. dollar and could get worse in the months to come.
The peso´s weakness against the dollar has already begun to spur inflation by pushing up prices of imported goods.
Two of the president -elect Trump´s major proposal will impact U.S. – Mexico relations: building a border wall and to deport the approximately 11 million immigrants thought to be living in the U.S. illegally.
On January 1 gas prices increased 20 percent, Mexicans have mounted four straight days of protests throughout the country, reportedly in 28 of Mexico´s 32 states, demonstrators gathered outside gas stations and hundreds marched through the streets.
Today Mexican president Enrique Peña Nieto announced changed in the cabinet, the same minister Luis Videgaray who was fired for inviting Trump to Mexico has been named the new Mexican Foreign Minister. “Negotiations, not confrontations”. Mexicayn president order new minister to establish contacts with Donald Trump´s administration.
While Donald Trump tweeted on his account, “Thank you Ford for scrapping a new plant in Mexico and creating 700 new jobs in the U.S”.
This is how Mexico received the New Year 2017, hoping for the best and expecting the worst.