Another place that's felt the cold wind of President Trump's threatened trade wars is the US's neighbour, Mexico. These are all factors that point to a stalemate, said Moshe Lander, an economist at Concordia University. All had Lopez Obrador winning more than 40 percent of the vote in the single-round race, well ahead of his rivals.
Lopez Obrador, a one-time NAFTA skeptic who moderated his views in his third run at the presidency, said in a Mexican TV interview on Monday that he wanted a NAFTA deal that was good for Mexico.
"I do believe that there's going to be more people who can stay in Mexico and don't have to go look for another place where they can find a better way of living", said Valdes.
Lopez Obrador will take office on December 1.
"I have been surprised by the complacency around the win by Lopez Obrador, but there is a mindset of giving him the benefit of the doubt", Lawrence said.
Polls had tipped a wide victory for Lopez Obrador, who many investors are expecting will govern from the center. "This new national project will seek to establish an authentic democracy and we do not intend to establish a dictatorship", Lopez Obrador said.
Queuing under the hot sun at Tijuana polling booths, many Mexican voters who had crossed the border from California told Reuters that they trusted Lopez Obrador most to protect the roughly 12 million Mexicans living in the United States. His next bid was thwarted too, when Enrique Peña Nieto was chosen as President in 2012.
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However, "sanctions alone won't cut it - we'll need to use all of our policy levers, and the help of our allies", he said . Information provider Genscape said US crude inventories at Cushing had fallen in the week, traders said.
Lopez Obrador's coalition is also within striking distance of a congressional majority - a coup for a party contesting its first national elections.
Some also highlighted how the new Mexican leader came to power on an anti-Trump platform.
While what he does on the domestic front will surely be important, his administration will be defined by his approach to dealing with the United States.
Lopez Obrador's supporters began wild celebrations in Mexico City, cruising up and down the central Paseo de la Reforma boulevard honking horns to the tune of "Viva Mexico!" and waving Mexican flags from vehicle windows and moon roofs.
Refusing to live in Mexico City's opulent 19th century presidential residence, Los Pinos (the Pines). In a speech to the huge crowd in the Zocalo, he struck a moderate tone, stressing a need to act respectfully, to maintain economic and financial stability. He has also promised to increase spending on social programs while keeping government spending under control.
Lopez Obrador won thanks to overwhelming anger at the status quo and his success at presenting himself as an agent of change. Beyond that, Ross said it was unclear whether Mexico's incoming president would either bring in new negotiators or set a different agenda. But he now supports reaching an agreement with the United States and Canada, though talks have been stalled over Trump administration demands for higher USA content and a "sunset clause" in the 1994 trade agreement. It was the biggest share of the vote in a Mexican presidential election since the early 1980s and gave him a strong mandate to address Mexico's domestic problems and face external challenges such as USA tariffs.
"Front-runner Andres Manuel Lopez Obrador voted early, saying 'today the people will decide between more of the same or a real change".