Mexico

As reported yesterday, Mexico is not at all looking forward to starting the process of renegotiating NAFTA with Donald Trump, explicitly warning the US that "there are very clear red lines that must be drawn from the start." What these lines are will be explained by Economy Minister Ildefonso Guajardo and Foreign Affairs Secretary Luis Videgaray who are both meeting with US officials in Washington on Wednesday and Thursday, setting the stage with next week's visit from Mexico President Enrique Pena Nieto.

In a preview of his first one-on-one interview since being sworn in as the 45th president of the United States, President Trump told ABC that Mexico would be paying for the proposed border wall and that negotiations between the two nations would begin "relatively soon."

http://abcnews.go.com/video/embed

Confirming what he has stated all along - and is likely included in his forthcoming executive orders, Trump remarks...

Under relentless pressure from President Donald Trump, Mexico is said to be ready to discuss changes to trade rules about a product's country of origin to try to avoid a disruptive fight with the United States over commerce.

In a much anticipated speech, Mexican President Enrique Pena Nieto warned that "Mexico is obliged to take steps to defend itself given the new vision in U.S.," reaffirming Mexico "as a nation open to the world on trade." The peso is leaking lower as he speaks, erasing post-inauguration gains.

Further headlines include:

The days of the American homeowner competing against the Mexican guy living in a cardboard shack made from garbage is coming to an end -- God willing. While no one deserves to live in cardboard shacks made from garbage, it is not the burden of the American people to uplift the lifestyles of the Mexican people. If Mexico is unable to do that, they should permit our armies to take control of their cities and properly build their economies the way Alexander Hamilton intended.
 
source: Reuters/Bloomberg