Leftist Andres Manuel Lopez Obrador elected president of Mexico

Leftist Andres Manuel Lopez Obrador elected president of Mexico

Leftist Andres Manuel Lopez Obrador elected president of Mexico

Sixty-four-year-old leftist Andres Manuel Lopez Obrador, who got his start in Mexican politics decades ago as an advocate for indigenous rights, has won the country's presidential election.

Lopez Obrador is estimated to have won between 53 and 59 percent of the vote.

Lopez Obrador rode to victory on a wave of widespread anger over graft and violence.

People cast their vote during the presidential election on a polling station in Xochimilco, Mexico City on July 1, 2018. 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%.

Moody's said in a note: "The outcome of Sunday's elections leaves Mexico at an uncertain, and potentially critical, juncture".

Now, Trudeau is reaching out to the new president in the hopes of maintaining a united approach with Mexico when talks do resume with the United States.

Lopez Obrador struck a conciliatory tone in an acceptance speech Sunday night, saying he would pursue fiscal discipline and respect the independence of Mexico's central bank. He later joined the Party of the Democratic Revolution and more recently formed his own party, the National Regeneration Movement - known as MORENA.

Carlos Urzua, Lopez Obrador's pick to be his finance minister when he takes office on December 1, told Reuters on Monday that the new government will aim to reform the pension system and to reduce costs at Pemex during its six-year term. But it does represent a major shift - representing the largest margin of victory by any candidate in Mexican history. "As we build for the future we must also remember and secure justice for those who died during those elections", he continued, in reference to the many candidates, politicians and citizens who were killed during the campaign period. The talks have been stalled over the Trump administration demands for higher US content and a "sunset clause" in the 1994 trade agreement.

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Urzua, who served as Lopez Obrador's finance secretary during the first few years of his 2000-2005 term as mayor of Mexico City, said another priority was to reduce costs at Pemex.

Andres Manuel Lopez Obrador could also end up proving a hard diplomatic partner for United States President Donald Trump with his vow to protect immigrants if his previous comments on the US President are anything to go by.

Business leaders who have openly warred with Lopez Obrador for years vowed to work with him and said fighting graft is an area where they see eye-to-eye.

The peso declined as much as 1.3 percent after results of the Sunday elections signaled his Morena party was set to enjoy broad support in Congress.

Much remains to be determined about how Lopez Obrador's often nebulous campaign proposals will manifest themselves in government. In his quest to please his support base, President Trump will surely still insist on building a wall, persisting in his claims that Mexico will pay for it.

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

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.

"We can bring a voice to the poor and marginalized, we can bring change, we can win".

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