Forbes: “Don’t Mess Around With Slim” — Has Trump Bitten Off More Than He Can Chew In Provoking Economic/Trade Confrontation With Mexico?

http://www.forbes.com

Dolia Estevez writes in Forbes:

“At the press conference, Slim was flanked by two of his sons and a son-in-law and holding Trump’s books “Great Again” and “The Art of The Deal.” Slim called the American President a “great negotiator” who knows how to take advantage of weak adversaries.

Slim praised the Mexican President for calling Trump’s bluff and said that the outpouring of support for Peña Nieto showed Trump that Mexico is united to face the challenge.

This week’s unusual public showdown with Mexico–a friendly nation closely linked to the U.S. by geography, trade, culture and history—plunged U.S.-Mexico relations to a new low.

But in an apparent effort to cool tensions, Trump and Peña Nieto spoke for an hour by phone on Friday. The Mexican president’s office said in a statement that the two presidents, “agreed for now to not speak publicly about” the wall. Slim said the call between the leaders was a result of Mexico standing up to Trump. He suggested they should talk more and tweet less.

“Lack of unity brought Mexico five wars and four losses of territory. We learned that lesson. We have always been stronger united. We have to negotiate with Trump from a position of strength, without anger or submission. It will be a difficult and hard negotiation,” Mexico’s richest man said.

Slim said the “best wall” to prevent Mexicans from going North would be investment that creates job opportunities in Mexico.

Slim’s call for unity comes a week after a Mexican poll gave Slim the highest percentage approval among Mexican public figures as the best qualified person to face Trump. With his popularity approaching single digits, most Mexicans see Peña Nieto as politically too weak to stand up to Trump.”

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While Slim no longer holds the title of “World’s Richest Person” (that’s Bill Gates at $84.2 billion) his #6 ranking and $50 billion net worth is not too shabby and still makes hm the richest person in Latin America. Slim makes President Trump, who weighed in at a distant #502 with a mere $3.7 billion net worth, look like a “loser” by comparison.  Trump’s economic sword rattling has also helped Slim become the most popular man in Mexico and the one most Mexicans would choose to “do battle” with Trump at the negotiating table.

PWS

01/28/17