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Mexico president cancels meeting with Trump over border wall comments

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Mexico’s president on Thursday scrapped a planned summit with Donald Trump in the face of insistent tweets from the U.S. president demanding Mexico pay for a border wall, a spat that threatens Mexican efforts to salvage trade ties.

Taking a page out of Trump’s playbook, President Enrique Pena Nieto fired the salvo on Twitter, after Trump’s call for Mexico to foot the bill for his planned wall prompted a groundswell of calls in Mexico for next week’s meeting to be called off.

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Trump said in a Twitter message earlier on Thursday that his Mexican counterpart should cancel his scheduled visit to Washington if Mexico refuses to pay for the wall that he has ordered constructed along the border. Trump views the wall, a major part of his election campaign, as part of a package of measures to curb illegal immigration.

Trump, who took office last Friday, signed an executive order for construction of the wall on Wednesday, the same day that Mexico’s foreign minister held talks with Trump aides in the White House aimed at healing ties.

Relations have been frayed since Trump launched his campaign in 2015, characterizing Mexican migrants as murderers and rapists and pledging to build a wall that he said Mexico would pay for. Mexico has long said it will not pay for the wall.

Trade ties are in the balance after Trump vowed to renegotiate the North American Free Trade Agreement and slap high tariffs on American companies that have moved jobs south of the border.

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Mexico’s peso extended losses to 1 percent after Pena Nieto fired off his tweet.

“The U.S. has a 60 billion dollar trade deficit with Mexico. It has been a one-sided deal from the beginning of NAFTA with massive numbers… of jobs and companies lost. If Mexico is unwilling to pay for the badly needed wall, then it would be better to cancel the upcoming meeting,” Trump said on Twitter.

On Thursday, leaders of the Republican-controlled U.S. Congress said they planned to move ahead on funding the border wall, which they projected would cost between $12 billion and $15 billion. Trump said in an interview with ABC News on Wednesday evening that Mexico would eventually reimburse the United States for the wall.

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Trump signed the executive orders, including one authorizing the planned wall, on Wednesday just as a Mexican delegation led by Foreign Minister Luis Videgaray arrived at the White House.

The timing caused outrage in Mexico, with prominent politicians and many on social media seeing at as a deliberate snub to the government’s efforts to engage with Trump, who has for months used Mexico as a political punching bag.

(Reporting by Roberta Rampton, Doina Chiacu and Susan Heavey in Washington, Anahi Rama and Dave Graham in Mexico City; Editing by Simon Gardner and Frances Kerry)

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… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

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Wall Street Journal drops a truth-bomb on Trump over his market-destroying trade war: ‘Everyone loses’

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In yet another blast from the editorial board of the Wall Street Journal, the editors looked back at Friday's stock market free fall and pointed the finger directly at President Donald Trump and his "trade-war general" Peter Navarro for being the main culprits.

After Friday's disastrous stock market session that took a major downturn due to the escalation of the trade war -- with China and Trump ordering billions of dollars in new tariffs -- the Journal pointed out that there will be no winners.

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G7 off to a rough start as Trump aides slam host Macron’s agenda

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With President Donald Trump at the latest G7 summit, all eyes are on the interactions between him and French President Emmanuel Macron. The two world leaders started off amicably, exchanging pleasantries, but behind the scenes, things have grown contentious.

According to Politico, Trump officials are railing against Macron, accusing him of trying to "fracture" the summit by steering the negotiations away from trade and into areas like climate change.

This development comes after Trump harshly criticized Macron for enacting a tax on digital services, which could increase costs for American tech companies like Google and Facebook. Trump threatened that if France does not suspend its "unfair" digital tax, "we'll be taxing their wine like they've never seen before." It is a threat that Trump has made repeatedly over the last few weeks whenever he has gotten angry at France.

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A likely recession could doom Trump

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President Donald Trump is worried that there will be a recession before the 2020 election. For once, he is right about something.

This article first appeared in Salon.

"The Economy is strong and good, whereas the rest of the world is not doing so well. Despite this the Fake News Media, together with their Partner, the Democrat Party, are working overtime to convince people that we are in, or will soon be going into, a Recession," Trump tweeted on Friday in a clear attempt to assuage concerns. "They are willing to lose their wealth, or a big part of it, just for the possibility of winning the Election. But it won’t work because I always find a way to win, especially for the people!"

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