Mexico’s richest man Carlos Slim made big money while American stocks crashed after President Trump announced new tariffs. Slim’s companies didn’t get hurt much because many operate inside the U.S. He says tariffs won’t fix America’s problems.
Slim told reporters that Trump’s 25% tax on Mexican steel and aluminum won’t hurt Mexico much. Many Mexican companies already have factories in America. Slim said stock markets dropped 2% when Trump talked about tariffs. That made investors angry.
The billionaire praised Trump for trying to cut government spending. Slim thinks America wastes too much money and should invest more. He said saving cash and lowering costs would help beat China better than tariffs. Higher prices from taxes just hurt regular folks.
While U.S. markets tanked, Slim’s telecom giant América Móvil stayed strong. His smart business moves – like buying cheap companies during tough times – kept his wealth growing. Slim’s companies cover phones, stores, construction, and even part of the New York Times.
Slim joked about a $2 bet against Elon Musk’s Mars plans. But his real message was serious. He believes stable economies come from businesses – not government rules. Mexico’s deal to send troops to the border shows teamwork works better than trade wars.
Conservative leaders say Slim’s success proves free markets matter. Tariffs might sound tough but often backfire. Letting smart businessmen like Slim build things creates jobs without taxpayer money. Trump’s focus on borders and spending cuts gets praise, but conservatives warn taxes on goods could ruin progress.
Slim’s story teaches that preparation beats panic. While politicians argue, ready businessmen adapt. His companies survived Mexico’s crises by staying calm and buying low. America should cut waste, not chase quick fixes with tariffs that might fail.
The takeaway? Real power comes from savings, hard work, and letting winners lead. Government should clear the way – not block it with taxes. Slim’s billions show what happens when brains meet freedom.
