31 January, 2017
But after Trump needled the Mexican president on Twitter, saying it would be better for him not to come if he couldn't commit to paying for Trump's proposed wall along the USA southern border, Pena Nieto told the White House he wouldn't be coming.
One day after the spat boiled over, with Peña Nieto canceling a trip to Washington next week in response to Trump's insistence that Mexico pay for the barrier, the two leaders held an hour-long phone conversation.
Relations have been frayed since Mr Trump launched his campaign in 2015, characterising Mexican migrants as "murderers and rapists" and pledging to build a wall that he said Mexico would pay for.
Slim weighs in on the diplomatic row between Trump and President Enrique Pena Nieto over border wall.
Guajardo said the United States and Mexico could reach mutually beneficial improvements to the North American Free Trade Agreement if the issue of paying for the wall was resolved.
Ever since Netanyahu tweeted that Trump is correct in his decision to build the border wall, the Israeli government has been trying to calm tensions between the two nations.
The White House left open the door for a possible rapprochement: White House spokesman Sean Spicer said the U.S. was keeping open lines of communication with Mexico and looking to reschedule the meeting, which had been planned for Tuesday. While President Trump has insisted Mexico will pay for it, Mexico has strongly denied that claim time and time again.
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Trump also made clear he is willing to throw billions of dollars at a problem that has mostly been fixed, paying for ostensible solutions that won't do much good: construction of a wall and the hiring of 5,000 new Border Patrol officers, as well as many additional Immigration and Customs Enforcement officials. Companies that sell Mexican imports in the US could either increase prices to offset the increased tariffs, or they could absorb the tax and accept decreased profits.
Hurd represents a district including miles of the U.S. -Mexico border. Look, we can not lose our companies to Mexico or any other place and then have them make the product and just send it across our borders free. "We are probably the only major country that doesn't treat imports this way".
He said the United States will "renegotiate our trade deals and we're going to renegotiate other aspects of our relationship with Mexico".
The interview clip comes as Mr. Trump is expected to begin signing immigration-related executive orders, including possibly one relating to the border wall.
Donald Trump has had an incredibly busy first week of his presidency, with business ranging from Cabinet confirmations to deadly storms.
"I think it is an error to think about boycotting companies", Mr Slim said.