Former Mexican President Lashes Back At Donald Trump On Twitter

"I could wait about a year and half until we finish our negotiations with Mexico, which will start immediately after we get to office, but I don't want to wait", Trump said.

Trump spoke directly to companies that have plans to build in Mexico or elsewhere, promising to penalize companies that, "want to move to another country and fire all of our great American workers that got you there in the first place". Instead, he said the wall, not a fence, would likely require a reimbursement from Mexico once its construction is completed - a process he says could take a year and a half.

Trump's remarks about making Mexico pay for the border wall drew strong reactions, including a response from former Mexican president Vicente Fox, an outspoken critic of the president-elect. "That will happen, whether it's a tax or whether it's a payment".

A picture illustration shows Mexican pesos and USA dollars.

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He said his vice president-elect Mike Pence was "leading an effort to get final approvals through various agencies and through Congress for the wall to begin".

While campaigning for the presidency, Trump promised to have a wall built along the border and have Mexico pay for it. "Mexico in some form - and there are many different forms - will reimburse us". "There's still a lot of concern in markets about the U.S. -Mexico relationship going forward, a lot of concern about NAFTA".

"What's the difference?" Trump asked. "We probably will have a deal sooner than that".

On Wednesday, Trump congratulated Ford (F.N) and Fiat Chrysler (FCHA.MI) for announcing plant expansions in the United States. "I wish our politicians were so smart", Trump said.

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The depreciation has sped up in 2017 after Trump told major automakers last week to expect high taxes on vehicles made in Mexico that are sold in the United States.

Meanwhile, Mexico's new foreign minister today said that there is "no way" that his country will pay for the wall.

"The wall is going to be absolutely effective in certain locations".

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