You could call it tit-for-tat with a dash of Mexican drama.

Mexico is to consider a proposal to revoke its treaties with the US, including the 1848 agreement that transferred half its territory to Washington if Donald Trump is elected and tries to make the US’s southern neighbour pay for a border wall.

A Mexican senator is due on Tuesday to propose legislation that would empower the government to retaliate of Mr Trump inflicts expropriations or economic losses on his country to make it pay for a wall along the 2,000 mile border.

Reuters said that Armando Rios Piter, an opposition senator for the centre-left Party of the Democratic Revolution (PRD), hoped his initiative would protect Mexicans, and highlight the risks of targeting them economically.

“In cases where the property/assets of (our) fellow citizens or companies are affected by a foreign government, as Donald Trump has threatened, the Mexican government should proportionally expropriate assets and properties of foreigners from that country on our territory,” says his proposal.

Trump Meets with Mexican President Nieto in Mexico

Total remittances to Mexico from abroad – most of which come from the United States – were worth nearly $25bn (£18.6bn) last year, according to the central bank. Bilateral trade between the two nations is worth about half a trillion dollars a year.

People who will flee America if Donald Trump wins Show all 8 1 /8 People who will flee America if Donald Trump wins People who will flee America if Donald Trump wins Miley Cyrus 'God’ he thinks he is the f***ing chosen one or some shit! … Honestly f*** this sh*t I am moving if this is my president! I don’t say things I don’t mean!' Jemal Countess/Getty Images People who will flee America if Donald Trump wins Whoopi Goldberg 'I don’t think that’s America. I don’t want it to be America. Maybe it’s time for me to move you know' People who will flee America if Donald Trump wins Samuel L. Jackson 'If that mother**er becomes president, I’m moving my black ass to South Africa' People who will flee America if Donald Trump wins Raven Symone 'My confession for this election is, if any Republican gets nominated, I’m gonna move to Canada with my entire family. Is that bad? I already have my ticket. I literally bought my ticket, I swear' People who will flee America if Donald Trump wins Cher 'If he were to be elected, I'm moving to Jupiter' People who will flee America if Donald Trump wins Neve Campbell 'I’m terrified. It’s really scary. My biggest fear is that Trump will triumph. I cannot believe that he is still in the game ... [I'll] move back to Canada' People who will flee America if Donald Trump wins Jon Stewart 'I would consider getting in a rocket and going to another planet, because clearly this planet’s gone bonkers' People who will flee America if Donald Trump wins Randy Blythe 'He could just be a clown. If he is the president, though, I am leaving America 'till he's gone'

Mr Trump stormed to victory in the Republican primary with strident and frequently offensive comments about migrants from Mexico and other Central American countries. He vowed to build a wall, force Mexico to pay for it, and deport up to 11 million undocumented migrants.

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Last week, Trump surprised political observers by accepting an invitation from Mexican President Enrique Pena Nieto, to discuss the issue of immigration. In language that appeared conciliatory in its tone, he raised the issue of a wall, but not who would pay for it. (Mr Pena Nieto later tweeted that he told Mr Trump Mexico would not pay.)

The same day, Mr Trump spoke in Phoenix and again vowed that Mexico would pay for the wall, saying: “They don’t know it yet, but they’re going to pay for it.”

Mr Rios Piter said his aim was to counter threats by Mr Trump to target Mexicans in the US and to stress that the economic welfare of both nations is at stake. His initiative also seeks to protect Mexico against unilateral changes to the 1994 North American Free Trade Agreement (NAFTA), which Mr Trump has threatened to ditch.

The Treaty of Guadalupe Hidalgo was signed by the US and Mexico in 1848 to end a two-year war between the two countries, a conflict that Mexico lost. As part of the deal, Mexico handed to the US, what is now New Mexico, California, Arizona, Utah, Nevada and parts of Wyoming and Colorado. Mr Rios Piter has suggested the treaty could be scrapped if Mr Trump makes it to the White House.