Just over a month ago, President-elect Trump and Mexico’s richest man, Carlos Slim, enjoyed what was described by Trump as “a lovely dinner with a wonderful man” at Mar-a-Lago in Palm Beach, Florida. Many viewed the meeting a start toward thawing relations with Mexico after a hard-fought campaign in which Trump relentlessly hammered our southern neighbor over jobs and illegal immigration. Per the Washington Post:
Trump and Slim’s dinner was designed to open a friendly line of communication rather than delve into policy details, according to people briefed on the discussions.
Slim’s visit to Mar-a-Lago came after Corey Lewandowski, a former Trump campaign manager who remains a confidant of the president-elect, quietly visited Mexico City on Dec. 9 to meet with Slim.
After the election, Slim connected with Lewandowski — someone he saw as having Trump’s ear but not as a formal member of his staff — and arranged for them to discuss trade, economic and other issues, according to people with knowledge of the session.
Trump even commemorated the dinner with a tweet:
Yes, it is true – Carlos Slim, the great businessman from Mexico, called me about getting together for a meeting. We met, HE IS A GREAT GUY!
— Donald J. Trump (@realDonaldTrump) December 20, 2016
That said, all may not be well between the two billionaires who butted headed several times during the contentious 2016 Presidential campaign cycle after Slim’s TV station in Mexico referred to Trump as a “racist” and refused to cover his Miss Universe pageant. Trump later released a statement accusing Slim of colluding with the New York Times and Hillary to undermine his campaign: “The New York Times strings are being pulled by Mexico’s Carlos Slim, a billionaire who benefits from Nafta and supports Hillary Clinton’s open border policies.”
Now, just yesterday the relationship between Trump and Mexican President Pena Nieto seemingly soured over Twitter starting with the following tweets…
The U.S. has a 60 billion dollar trade deficit with Mexico. It has been a one-sided deal from the beginning of NAFTA with massive numbers…
— Donald J. Trump (@realDonaldTrump) January 26, 2017
of jobs and companies lost. If Mexico is unwilling to pay for the badly needed wall, then it would be better to cancel the upcoming meeting.
— Donald J. Trump (@realDonaldTrump) January 26, 2017
…which sent the Mexican Peso gyrating all over the place as perplexed traders tried to figure out what the Twitter wars will actually mean from a practical perspective…
…and has culminated with Carlos Slim calling a very rare press conference scheduled for 2PM EST….will he call for an economic truce or take more of a Vicente Fox approach to the “fucking wall”?
via http://ift.tt/2k0XSI3 Tyler Durden