FIRST AIRED: November 9, 2016

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

We've got more news

Get our editor’s daily email summary of what’s going on in the world.

US Edition
Intl. Edition
Replay Program

Business

Mexico fears fallout from Trump presidency

Opening sequence

Opening sequence

Business

Mexico fears fallout from Trump presidency

0:00
17:41
More Info

COMING UP:Mexico fears fallout from Trump presidency

×

Transcript

00:00:00
>> Mexico pitched into deep uncertainty by Donald Trump's victory, raising the prospect of major clashes over trade and immigration. Reuter's correspondent Dave Graham is in Mexico City.>> So, people here are now getting a grip of the fact that a guy who was really if you will a caricature for them of the ugly American for the last 16, 18 months of the campaign Is now going to be bossing them on the US border.
00:00:25
>> Tuesday's results setting the volatile peso plunging to a 22 year low. Investors worry a trade fight could tip Mexico's economy into recession.>> This obviously has the potential for a huge impact on Mexico because a big part of US Presidential campaign was the issue of trade within NAFTA, the agreement between Mexico, Canada and United States.
00:00:47
Donald Trump made a big deal out of saying that NAFTA did not work well for American workers,and he said if he couldn't renegotiate it in favor of the U.S. then he might just simply scrap it. 80% of Mexico exports go to the United States. So, any disruption to trade for Mexico could be potentially huge.
00:01:06
>> Mexico's foreign minister, Wednesday, said the country's government would not pay for Trump's proposed wall along the US border. Mexican President Enrique Peña Nieto claims he even told Trump this to his face, during their meeting this summer. Despite it all the Mexican President, who in the past compared Trump's rhetoric to that of Adolf Hitler and Benito Mussolini, posting on Twitter that he was ready to work with the new American President elect