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Peso Plunges After Trump Threatens to Cancel Meeting With Mexico

Thu Jan 26, 2017 AT 12:43 PM EDT

Business Insider reports that the Mexican peso just tumbled after President Donald Trump tweeted about NAFTA. Trump tweeted on Thursday: “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.” Anonymous sources have stated that the Mexican administration was “considering” scrapping a scheduled meeting with Trump to protest his demand of payment for the border wall.

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