Mexico President Enrique Pena Nieto and Republican presidential nominee Donald Trump shake hands after a joint statement at Los Pinos, the presidential official residence, in Mexico City. Trump is calling his surprise visit to Mexico City Wednesday a 'great honour.' Marco Ugarte / AP
Mexico President Enrique Pena Nieto and Republican presidential nominee Donald Trump shake hands after a joint statement at Los Pinos, the presidential official residence, in Mexico City. Trump is calling his surprise visit to Mexico City Wednesday a 'great honour.' Marco Ugarte / AP
Mexico President Enrique Pena Nieto and Republican presidential nominee Donald Trump shake hands after a joint statement at Los Pinos, the presidential official residence, in Mexico City. Trump is calling his surprise visit to Mexico City Wednesday a 'great honour.' Marco Ugarte / AP
Mexico President Enrique Pena Nieto and Republican presidential nominee Donald Trump shake hands after a joint statement at Los Pinos, the presidential official residence, in Mexico City. Trump is cal

Trump insists ‘Mexico will pay’ for border wall


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PHOENIX // Republican White House hopeful Donald Trump on Wednesday insisted that Mexico will pay for the border wall he plans to build if he is elected, in a speech delivered after talks with Mexico’s president.

“Mexico will pay for the wall, believe me,” Mr Trump said in Phoenix. “They don’t know it yet, but they’re going to pay for the wall.”

The billionaire candidate also laid out his immigration plan that includes deporting immigrants with criminal records and cancelling President Barack Obama’s executive orders protecting millions of undocumented immigrants.

Hours earlier, Mr Trump met with Mexican President Enrique Pena Nieto and said the two did not discuss who would pay for the wall. But Pena Nieto contradicted Mr Trump by tweeting that he told the Republican nominee in their meeting that Mexico would not fund the construction.

“At the start of the conversation with Donald Trump I made it clear that Mexico will not pay for the wall,” Pena Nieto wrote on Twitter after Mr Trump departed Mexico City for Phoenix.

In his speech, Mr Trump laid out a grim, sweeping nationalist plan to dramatically slash illegal immigration, a main plank of his presidential campaign.

“It’s our right as a sovereign nation to choose immigrants that we think are most likely to thrive and flourish and love us,” he said.

“Our enforcement priorities will include removing criminals, gang members, security threats, visa overstays, public charges - that is those relying on public welfare or straining the safety net along with millions of recent illegal arrivals and overstays who have come here under this current corrupt administration.”

Mr Trump demanded an end to what he called “catch-and-release” programs along the country’s southern border, enforcement of existing immigration law, and “zero tolerance for criminal aliens”.

“We will be fair, just and compassionate to all,” he stressed. “But our greatest compassion must be for our American citizens.”

* Agence France-Presse

Financial considerations before buying a property

Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.

“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says. 

Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.

Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier. 

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The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now