Wednesday, 17 April 2024
SportsSlim believes that Mexico could improve trade with the US against China,...

Slim believes that Mexico could improve trade with the US against China, in an eventual Trump presidency

MEXICO CITY (AP) — Mexican businessman Carlos Slim, the richest man in Mexico, spoke on Monday about the possibilities that Mexico would have in commercial relations with the United States in the face of China, in a conversation where he alluded to an eventual victory for Donald Trump in the 2024 presidential election.

When asked about a possible return of Donald Trump to the presidency of the United States, Slim responded by directing the issue towards the commercial level and defended that the neighboring country knows that “in Mexico we are good at production, the workers are very good ” and that “it can be a great producer of goods, replacing many things from China and even some from the United States.”

He considers that this scenario, in which Mexico advances in the displacement of China from the US market, “for Mexico would be good,” as the telecommunications magnate concluded about the business possibilities between the two border countries.

According to figures from the Mexican Department of Commerce, the country already surpassed China last year as the main source of imports from the United States, with a merchandise value of more than 475 billion dollars.

Economic relations between the United States and China have seriously deteriorated in recent years, while Beijing has aggressively fought in the trade area and made ominous gestures.

In his first administration, Trump imposed tariffs on Chinese imports, arguing that China’s trade practices violated global trade rules. For his part, US President Joe Biden maintained these tariffs after taking office in 2021, making it clear that antagonism towards China would be one of the few areas in common for Democrats and Republicans.

Biden has urged companies to look for suppliers in allied countries or to return to manufacturing in the United States

Regarding Mexico’s electoral outlook, Slim also expressed optimism and took the opportunity to recommend that the next government focus on raising investments to more than 28% of the Gross Domestic Product (GDP) and maintaining the policy of salary increases promoted by the Mexican president. , Andrés Manuel López Obrador, to ensure the development of Mexico.

The Mexican magnate remained cautious when speaking about López Obrador’s six-year term, which ends in September, but when asked about the increasing tasks that the military has assumed in this period, he admitted that they are involved in “too many things.”

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