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Politics

Carlos Slim: If Trump succeeds, so does Mexico

Opening sequence

Opening sequence

Politics

Carlos Slim: If Trump succeeds, so does Mexico

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COMING UP:Carlos Slim: If Trump succeeds, so does Mexico

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Transcript

00:00:01
>> Before the election he said Donald Trump's plans would, quote, destroy the US economy. But on Thursday in a conversation with former New York City mayor Michael Bloomberg, Mexican billionaire Carlos Slim said the President-elect's success is Mexico's success.>> If the economy grows 4%, if they take out taxes to middle class, and they make investments in the infrastructure and he creates 25 million jobs, that's fantastic for Mexico.
00:00:30
>> That new post-election position not exactly a 180, says Reuters correspondent Christine Murray.>> Billionaire Carlos Slim's comments today, that if Trump succeeds, Mexico will also succeed, may seem a little counterintuitive. But today, Slim was really referring to Trump's desire for economic growth in the US. Mexico's economy is so interlinked with the US that economic growth there would mean economic growth here as well.
00:00:57
And Slim, who spent years as the world's richest man, is never afraid to speak his mind. He said that actually it was Americans who should be more worried about Trump, not Mexicans.>> Slim also said Trump's plans could put the global leadership role of the US at risk, and that with Trump's victory, Mexico should now turn its attention and investments inward to spur growth.
00:01:21
>> Mexico needs to turn back to Mexico. Since the 80s and the debt crisis we think outside. We think that the best thing Mexico can do is to look for the eternal, the external activity, to look for opening for exports and imports, etc. But now we need to get back to Mexico and focus on the internal economy.
00:01:48
>> Slim and Trump traded barbs during the campaign. The Mexican mogul also criticized Trump's plan to build a wall along the Southern border. Trump accused Slim, a top shareholder in the New York Times, of trying to help Hillary Clinton.