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In his first speech, realizing his advantage over Democrat Kamala Harris, Republican Donald Trump assured that he will “close the borders” of the country and that immigrants would only be allowed to enter “legally.”

In his address, before confirming his victory (he is already projected to have 277 electoral votes to Harris’ 244), Trump moderated his speech on immigration and did not mention the promise of “mass deportation”which he repeated at all his election rallies.

“We are going to close our borders and we will have to allow people into the country. We want people to come back. We must allow them to return, but they will have to do so legally. “They must come, but legally,” Trump said in front of hundreds of fellow believers at the Palm Beach Convention Center, surrounded by his family.

“We must help our country recover. We have a country that needs help, and it needs it urgently. “We’re going to fix our borders” Trump said as he emerged with a clear path to victory, winning the states of Pennsylvania, Georgia and North Carolina.

Trump’s anti-immigrant campaign speech was very militant, blaming immigrants for creating crimeare traveling to the country to commit crimes and steal American jobs while promising to use martial law to mass round up undocumented people and deport them.

Yesterday the President Claudia Sheinbaum Pardoemphasized at his morning conference Reduction in the number of migrants by 75% arriving at the US border in response to Trump’s warning of tariffs if Mexico fails to stem the flow of migrants and organized crime.

On Monday, during his final campaign rally, former President Trump directly threatened Sheinbaum. introduction of a 25% export duty, in case the country fails to stop the “avalanche of criminals and drugs coming” into the United States.

Given these statements, Sheinbaum commented that “Sometimes you don’t have enough information” within the Democratic and Republican parties, “about efforts Mexico has made to reduce migration or the presence of migrants at the border.”

Sheinbaum insisted that with either of the two White House candidates Mexico will have “good relations.”

“I don’t think much of President Trump, not at all,” he warned. “I say that it is very important that when the winner is determined, There should be meetings at this timeHigh level information so that people know what has been done in Mexico,” he said.

At the moment, the Mexican peso has collapsed in recent hours to its weakest level in more than two years, As markets prepared for Donald Trump’s victory in the US electionswhich will extend the streak of volatility and weakness of the Mexican currency.

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Weight dropped 20.80 per dollar for the first time since August 2022. more than 3% below its previous close, the biggest drop of its kind since Mexico’s summer elections sent domestic assets into shock. While emerging market currencies as a whole took a hit from the dollar’s rise, the peso suffered some of the biggest losses.

“The Mexican peso has been hit hard” said Chris Turner, global head of markets at ING. “High volatility also undermines the carry trade and “It is difficult to rule out a move to 10pm in the coming weeks.”

A carry trade is a profit making strategy in which an investor sells a currency with a relatively low interest rate and buy another one with a higher rate.

After Trump’s presidential victory in 2016 The peso fell by about 8.5%. against the dollar to a historical low at that time.

The rise of the American currency began after the first signs of a Republican victory in Georgia. and continued to gain momentum, with the dollar index hitting a four-month high.

Markets were concerned about the possibility that the United States’ southern neighbor would face trade barriers under a possible Trump presidency.

Turner said 2025 This could be a ‘tough year for weight’ If possible, President Trump questioned the extension of the US-Mexico-Canada agreement, T-MEC, in his 2026 review. T-MEC is a trade pact that came into force in 2020.

(according to information from Reuters, EFE and Aristegui News)