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Mexico’s Treasury minister resigns days after controversial Donald Trump visit

Despite the avalanche of criticism he has received for last Wednesday’s Trump visit, which Foreign Secretary Claudia Ruiz privately opposed, Peña Nieto has defended his decision and the outcome of their meeting.

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Algorri gave no reason for the resignation, but it comes in the wake of Pena Nieto’s widely criticized meeting with the Republican presidential candidate in the Mexican capital last week.

“Mexico has lost a brilliant finance minister and wonderful man who I know is highly respected by President Peña Nieto”, Trump tweeted.

Pena Nieto said, speaking directly to Videgaray.

But the visit backfired on the president, with Mexicans voicing outrage that a U.S. politician who has branded Mexican migrants as “rapists” would get such a prestigious invitation.

Well, I think absolutely.

Videgaray’s role compromised his ability to negotiate the budget with the Congress, he said.

“It was useful for the country”, he told El Universal.

Pena Nieto was widely pilloried for hosting Trump at short notice last Wednesday after the NY businessman had underpinned much of his campaign on building a border wall that he said Mexico would pay for to stem illegal immigration.

But within hours of leaving Mexico, Trump was telling a cheering crowd of supporters in Arizona that Mexico would pay for the border wall “100 percent”, prompting fresh ridicule of Pena Nieto at home.

Pena Nieto was widely pilloried for hosting Trump at short notice last Wednesday.

Videgaray has been one of the president’s closest advisers, orchestrating a successful election campaign in 2012.

Democratic presidential candidate Hillary Clinton, also invited to visit by Pena Nieto, said this week that she won’t be coming to Mexico before Election Day.

However, his chances could be bolstered by a revival on his watch of Mexico’s economy, which contracted in the second quarter for the first time in three years. In 2014, Videgaray acknowledged he had bought a house from the same government contractor that sold a mansion to Pena Nieto’s wife, Angelica Rivera, in the administration’s deepest scandal. “Some say he did well, others say the debt has increased”.

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Mexico President Replaces Finance Minister After Damaging Donald Trump Visit