Nuran YILDIRIM – TDO – Mexico’s president, Enrique Peña Nieto, has announced the cancellation of his visit to Washington on January 31.
Following the Trump administration floated a 20 percent tax on imports from Mexico to pay for construction of the border wall, the tension between the two countries increased and Nieto cancelled his meeting with Trump.
At a meeting of congressional Republicans in Philadelphia on Thursday, Trump said that if Nieto will not pay the money for construction of the Wall, the meeting would have been “fruitless”.
Trump also criticized North American Free Trade Agreement (NAFTA), describing it as a “disaster” for US. Signed by Canada, Mexico, and the United States, creating a trilateral trade bloc in North America, the agreement came into force in 1994.
Afterwards, Pena Nieto made a statement on Twitter and he said that he would not attend the meeting with Trump that had been scheduled for Tuesday.
Nieto also repeated that Mexico is not going to pay for any Wall and he added that Mexico demands respect and friendship from the US.
On the other hand, US seems dedicated to build the wall and make Mexico to pay for it. Following a 20 percent tax on imports from Mexico, the imports from Mexico will dramatically decrease. In this sense, the Mexican peso will further lose its value and this will not be good for Mexican economy.