Mexico president cancels Trump summit as divisions deepen
The peso falls as US-Mexico tensions over the border wall and trade threaten economic consequences in both countries
Mexico City — Mexican President Enrique Pena Nieto on Thursday canceled a meeting with US President Donald Trump planned for next week as a dispute over Trump’s border wall plan exploded into a showdown that threatens one of the world’s biggest bilateral trading relationships. Pena Nieto scuttled next week’s face-to-face talk with Trump via Twitter after the US leader blasted him in a tweet on Thursday morning for saying Mexico would refuse to pay for a barrier on the US southern border. "If Mexico is unwilling to pay for the badly needed wall, then it would be better to cancel the upcoming meeting," Trump wrote. Pena Nieto responded with his own tweet: "This morning we’ve informed the White House that I won’t attend the working meeting scheduled for next Tuesday with @Potus." The conflict over the border wall and trade adds to tensions in the US-Mexico relationship, the outcome of which has domestic political implications and economic consequences in both countries. The announcemen...
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