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Mexico braced for exodus to US as ‘Trump effect' hurts the peso
[Guardian] Donald Trump is actually giving Mexican workers more reason to head to the US, not less.In Mexico it is known as "el efecto Trump": a barrage of taunts and tweets that rattle the economy and hammer the peso. For the new president, it is part of a strategy to pressure companies to move jobs back to the United States. Mexico’s job will be to suck it up, accept the millions of people Trump has promised to deport, and pay for the proposed border wall. Reality may soon disrupt this vision because Donald Trump, in one of the first great ironies of his presidency, has given impoverished Mexicans more reason to migrate to the US. The peso’s slump against the dollar has dramatically driven up their cost of living, fuelling angry protests and steeling the resolve of some to sneak across the border. Border Patrol At Trump Inauguration Parade; Trump's Reaction Posted by: Besoeker 2017-01-22 |
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