Leftist Lopez Obrador Wins Mexico Presidential Election: Exit Polls

Leftist Lopez Obrador Wins Mexico Presidential Election: Exit Polls

Lopez Obrador will take office in December facing a US government that has been openly antagonistic to Mexico over trade and migration under President Donald Trump. These are all factors that point to a stalemate, said Moshe Lander, an economist at Concordia University.

The peso was down 1.5% to 20.1568 versus the USA dollar at 9:30 a.m. ET after preliminary results from Mexico's electoral commission showed Lopez Obrador sweeping up more than half the vote.

Exit polls gave its candidate Claudia Sheinbaum as the new Mexico City mayor, while the party was also expected to win governorships in the states of Chiapas, Tabasco and Morelos. 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.

But on Tuesday, Mexico's incoming president, Andrés Manuel López Obrador, claimed he would waive the right to close protection in a bid to stay close to the people.

The election came amid a backdrop of mounting tensions between Mexico and the U.S., which some analysts say have pushed relations between the two countries to one of the most divisive points in recent times.

Much remains to be determined about how Lopez Obrador's often nebulous campaign proposals will manifest themselves in government.

Opponents of Obrador, have recognized their defeat and Obrador's victory in the election.

But Trump's national security adviser, John Bolton, suggested that the Republican president could find common ground with Lopez Obrador, predicting "some surprising results".

Despite Trump's hostile rhetoric, Mexico's outgoing President Enrique Pena Nieto advocated for dialogue and tried to avoid confrontations with his American counterpart.

Refusing to live in Mexico City's opulent 19th century presidential residence, Los Pinos (the Pines). She said a Lopez Obrador presidency is a good way to kick the ruling Institutional Revolutionary Party, or PRI, out of power.

Mexicans were voting Sunday in a potentially transformative election that could put in power a firebrand vowing to end politics and business as usual in a country tired of spiraling violence and scandal-plagued politicians.

He even wrote a book titled Oye Trump (Listen up, Trump) in which he criticised Nieto for not representing Mexico with dignity and condemned the border wall and Mexican "passivity" in its relations with the US. "There is much to be done that will benefit both the United States and Mexico!"

Lopez Obrador has clashed with Mexico's business community, with some critics warning he would pursue Venezuela-style socialist policies that could wreck Latin America's second-largest economy. He has also struck a nationalist tone on plans to boost the economy.

Commonly known by his initials, "AMLO", Lopez Obrador has proposed measures like a huge increase in infrastructure spending, but it's not clear how he can do that if he fulfills a promise not to raise taxes.

Amid widespread frustrations with the status quo, all of the candidates have tried to paint themselves as the agent of real change.

The future of the North American Free Trade Agreement negotiations was injected with a new dose of uncertainty with the election of a new president in Mexico on Sunday. "I will not disappoint you and I will not betray my people", he said.

He said Mexico's "very strong" immigration laws could be used to help keep illegal immigrants away from the US border.

Lopez Obrador has repeatedly promised just that, though some businesspeople have been skeptical.