Wednesday, 18 July, 2018

Pompeo to visit Mexican president-elect; discuss immigration, trade

A Mexican National Electoral Institute worker checks electoral material in Ciudad Juarez Mexico Anti-Trump mood sways Mexican voters in U.S. in favour of Lopez Obrador
Jan Cook | 04 July, 2018, 07:27

Last year, Mexico recorded more homicides than at any point in its modern history, and it is on track to break that record this year.

Following his overwhelming majority win, Mexico's president-elect Andres Manuel Lopez Obrador said he supports reaching a deal on renegotiating NAFTA with the United States and Canada. "There is much to be done that will benefit both the United States and Mexico".

President Trump says he is looking forward to a good relationship with Mexico's new president-elect.

Later, Obrador's main opponent Anaya also recognized his defeat.

This is Lopez Obrador's third bid for the presidency and some see it as his best shot after 12 years of near-permanent campaigning.

Calderon congratulated Obrador on his victory and also wished him success.

Carlos Cardenas, head of Latin America country risk calls it "unlikely" that Lopez Obrador would "conduct a wave of expropriations/nationalisations across all economic sectors".

On Tuesday Mr Lopez Obrador will meet President Enrique Peña Nieto to begin the handover process, ahead of his Dec 1 inauguration.

Scheduled for 11 p.m., local time, in Mexico City, the nation's electoral regulator INE released a televised statement of its so-called rapid count, a key indicator of election results.

While what he does on the domestic front will surely be important, his administration will be defined by his approach to dealing with the United States. And when he takes office in December, AMLO-as the president-elect is known-will have to please those who voted for him.

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Even so, the peso weakened around 1 per cent against the dollar and Mexico's S&P/BMV IPC benchmark stock index was also down nearly 1.5 per cent as exit polls showed Lopez Obrador's MORENA party performed strongly in the elections, which were also for members of Congress.

Mr. Lopez Obrador, a left-leaning populist who easily won Mexico's presidential election Sunday, will face off against Mr. Trump over trade and border security.

"This man is the only one who can make Trump end his persecution and racism against Mexicans", said Luis Evans, 58, who drove from Los Angeles to a voting booth about a mile from the border.

His election marks the first leftist presidential win in 30 years for Mexico.

The victor of Sunday's presidential election doesn't need an absolute majority of the votes, just the most votes among the four candidates.

According to the first official projection, Ricardo Anaya of the conservative National Action Party (PAN) won between 22.1 and 22.8 percent, Jose Antonio Meade of the ruling Institutional Revolutionary Party (PRI) between 15.7 and 16.3 percent, and independent candidate Jaime Rodriguez between 5.3 and 5.5 percent. In fact, in the eyes of many Mexicans, Mexico has been too respectful.

"We're in the midst of this tit-for-tat tariff war, and that could go either way", Miles said.

With almost three-quarters of the ballots counted, Lopez Obrador had about 53 per cent of the vote - the most for any presidential candidate since 1982, a time when the Institutional Revolutionary Party was in its 71-year domination of Mexican politics and ruling party victories were a given.

"Front-runner Andres Manuel Lopez Obrador voted early, saying 'today the people will decide between more of the same or a real change".

Mr Corbyn said the result was a "new beginning" for the country. Lopez Obrador's supporters began wild celebrations in Mexico City, cruising up and down the central Paseo de la Reforma boulevard honking horns to the tune of "Viva Mexico!" and waving Mexican flags from auto windows and moon roofs.

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