Mexican minister loses job after Donald Trump's visit

Mr. Luis Videgaray lost his position as finance minister after billionaire Trump's visit caused fierce protests in Mexico.

Billionaire Donald Trump shakes hands with President Enrique Pena Nieto during his visit to Mexico on August 31. Photo: AP.

Mexican President Enrique Pena Nieto yesterday replaced Luis Videgaray, considered the architect of US Republican candidate Donald Trump's visit, as finance minister, according to the Washington Post.

The reason for the replacement was not disclosed, but his resignation came a week after Trump set foot in Mexico. Billionaire Trump had declared that he would build a wall along the US-Mexico border to stop immigrants.

Videgaray is close to the PresidentNieto, played an important role in reforming the Mexican economy.Videgaray and alliesTrump's visit is an opportunity to defend Mexico's interests, calming financial markets amid concerns that the New York billionaire will win the November election, which is expected to harm the Mexican economy.

However, after the visit, Mr. Trump gave a provocative speech in Phoenix, the capital of Arizona. The Republican candidate vowed to build a wall on the border and make Mexico pay for it.

Analyze the cause of the dismissal,Alberto Arnaut, professor of political science atThe University of Mexico said Trump's visit was a "colossal failure" and the president needed someone to blame.

Observers say this is the President's biggest political scandal.Pena Nieto since he took office in 2012. TheVidegaray's loss of office even caused division in the cabinet.

Mexico relies heavily on trade and investment from the United States. One in 10 Mexicans lives north of the border, sending billions of dollars in remittances each year.

According to VNE