Amlo win to usher in new era in Mexico

A Mexican National Electoral Institute worker checks electoral material in Ciudad Juarez Mexico

Mexico's new president-elect Andres Manuel Lopez Obrador went to one of his most important meetings yet Tuesday by cruising through city traffic in a compact vehicle with the windows down and no visible security detail, establishing a casual new style of leadership that has some expressing concerns for his safety in violence-wracked Mexico.

Traders were encouraged after a conversation between Lopez Obrador and Donald Trump yesterday in which they discussed border security, the North American Free Trade Agreement and a potential bilateral trade deal. His election marks the first leftist presidential win in 30 years for Mexico.

We also must wait and see what type of relationship the United State and Mexico will eventually have with Trump and AMLO as their presidents.

Obrador has sought to placate fears that his victory would turn Mexico into another Venezuela, which is suffering a severe economic crisis under socialist rule.

"We really aren't thinking about changing the Constitution or major laws", Urzua told Reuters news agency on Monday, insisting that his team's changes at PEMEX would mainly focus on cost-cutting.

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Trump has been highly critical of Mexico's control of its border.

The Texas Association of Business was making plans Monday to travel with a large business and political delegation to either Mexico City or Monterrey this summer to meet with Lopez Obrador's transition team."We want to be very, very clear of our strong Texas-Mexico trade relations", said Jeff Mosely, CEO of the association, which a year ago formed the Texas-Mexico Trade Coalition to help lobbying efforts between both sides.

An official quick-count revealed that Lopez Obrador took the lead with 53-53.8% of votes, according to the electoral authority. Ricardo Anaya of the centre-right PAN was a distant second at 22.6% and Jose Antonio Meade of the centre-left ruling PRI party at 15.6%. In his first loss - by a mere 0.56 percent to conservative Felipe Calderon in 2006 - his supporters held months-long protests in Mexico City and he referred to himself as "the legitimate president".

Lopez Obrador, a former Mexico City mayor, was greeted with rapturous cheers by supporters in the capital's Zocalo central square around midnight, while friends celebrated in his tiny hometown of Tepetitan, in the poor southern state of Tabasco.

The victor of Sunday's presidential election doesn't need an absolute majority of the votes, just the most votes among the four candidates.

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The newly elected president has said he wants to make Mexico more economically independent of the United States.

But despite the landslide, Lopez Obrador has not strayed from guidance he offered before the election, and on Tuesday he repeated his pledge to maintain fiscal discipline. "But it has to be made clear that he has to deliver what he promises and not become like the rest", he said.

Furious at spiraling corruption and violence, Mexican voters unleashed a political natural disaster Sunday by electing a leftist firebrand as president and giving him a broad mandate to overthrow the political establishment and govern for the poor. At a Los Angeles rally previous year, AMLO said that "the wall and the demagoguery of patriotism are no match for the dignity and humanity of the American people". "That is what brought us to this".

Compared with his predecessors, Lopez Obrador is likely to be more focused on domestic economic issues than on settling trade issues with the United States, O'Neil said. Lopez Obrador, who founded the National Regeneration Movement (MORENA), follows in the populist tradition, and vowed to fight fire with fire when it comes to Trump.

"They will inherit the talks where they are - now at a standstill, largely given US recalcitrance to compromise with its neighbours", she said, noting that Mexico has imposed its own retaliatory tariffs and the new administration would likely follow the same approach. He further assured, "We're gonna have them taken care of".

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