Mexico gives leftist Lopez Obrador big presidential win

Mexico entered a fearless old world on Sunday by electing former Mexico City Mayor Andrés Manuel López Obrador to a six-year term as president.

President-elect Lopez Obrador is estimated to have received over 53% of the vote, more than double the total of his closest rival, according to the country's electoral commission. "I look very much forward to working with him", the USA president, who's repeatedly lambasted Mexico for sending illegal migrants and drugs across the border, said on Twitter.

The candidate said to be in third place, Jose Antonio Meade of the ruling Institutional Revolutionary Party, acknowledged a Lopez Obrador victory in a televised speech. Still, his procession toward victory has alarmed many investors and business leaders. His election marks the first leftist presidential win in 30 years for Mexico.

Thousands of ecstatic supporters flooded central Mexico City's Zocalo square and Alameda park, celebrating to the sounds of mariachi music as Lopez Obrador slowly made his way there from his campaign headquarters in a motorcade, swarmed by huge crowds.

How the incoming Mexican president deals with the migration policy and Mr Trump's promise to "build the wall" between the two countries will determine the future of US-Mexico relations.

Lopez Obrador has said he will root out corruption and grant amnesties to certain criminals amid an intense wave of violence in Mexico.

The victory was a vindication for Lopez Obrador, who was written off by many critics after narrowly failing to capture the presidency at his first bid in 2006.

"We had a lot of good conversation, said President Trump".

"We are going to defend the migrants from Mexico, from Central America, from the whole American continent and all the migrants of the world that out of necessity have to abandon their villages to go seek a better life in the United States; it is a human right that we are going to defend for Mexicans and for all migrants", he said in a video posted to his campaign website.

"I don't see how (Trudeau) is going to get this done", he said.

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In the northwestern border city of Tijuana, 29-year-old engineer Jorge Serrano Martinez said he voted for Lopez Obrador because he wanted "to give the opportunity to another political party to do different things".

"The precise direction of policy is uncertain and will remain so for the rest of the year given a months-long political transition process until the 1 December inauguration and the influence of the outgoing Pena Nieto administration over the near-term fiscal outlook".

There also are question of whether he will be able to work with Trump on trade and immigration.

"The corrupt regime is coming to its end", Lopez Obrador said at his final campaign event Wednesday.

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

O'Grady added that she believes Lopez Obrador is going to be "very careful" at first, due to Mexico's exposure in the worldwide market.

Surveys conducted by Consulta Mitofsky and Televisa forecast gubernatorial wins for allies of the Morena party in Chiapas, Morelos, Tabasco and Veracruz, and for head of government in Mexico City.

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.

"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.

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