11/9/16 The Economist
ENRIQUE PEÑA NIETO, the president of Mexico, was roundly castigated at home for meeting Donald Trump in August. Mr Trump, then the Republican presidential nominee, is reviled south of the border for calling Mexican migrants rapists, and for promising that he would force Mexico to pay for a wall between the two countries. In his defence Mr Peña said it was important to begin a dialogue early, with a view to reducing the potential harm a Trump presidency could cause Mexico.
That strategy is about to be put to the test. In Mexico the immediate effect of Mr Trump’s victory has been to send the already weak peso tumbling to new lows. Throughout the campaign the currency reacted badly to any perceived improvements in the Republican’s chances of victory. On early Wednesday morning it fell to more than 20 to the dollar—its biggest drop since 1994—on fears about the future of trade with the United States.