“I am proud to shut down the government for border security,” said Trump. “I will take the mantle. I will be the one to shut it down. I won’t blame you for it.”
Related: Mexico ETFs Have Slid the Past Month as Border Tensions Escalate
Baptism by Fire for Mexico President
Andrés Manuel López Obrador was recently sworn in as Mexico’s 58th president, signaling an ideologic regime change with the election of the firebrand. How Lopez Obrador, known by his more popular moniker “AMLO,” handles the U.S.-Mexico border situation and his crafting of future policies will most certainly weigh heavily on the performance of these ETFs going forward.
Mexico’s recent change in leadership saw the controversial leftist candidate AMLO become its next president for the next six years as the 65-year-old has been referred to as the country’s version of President Trump. That relationship with the very individual he was compared to will be tested as U.S.-Mexico relations regarding the border situation have become tenuous.
AMLO took his first steps to address the situation by signing an agreement with three Central American countries to address the seemingly uncontrollable flow of migrants into Mexico. According to Mexico’s foreign ministry, the agreement included a plan to fund jobs creation in the areas where the migrants are congregating, particularly the border city of Tijuana.
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