Latin America News
LAST UPDATE: July 24, 2025
Brazil’s Lula proposes start to negotiating expanded trade agreement with Mexico
President Lula initiated talks to expand Brazil–Mexico trade ties, emphasizing the need to modernize and broaden their early‑2000s agreement to cover more goods and services.
Insight
Lula’s move reflects a regional integration push and diversification beyond U.S.–China focus. Reviving Latin American trade blocs may bolster market resilience amid global volatility.
Brazil readies plan to mitigate impact of US tariffs
In response to looming U.S. tariffs (up to 50% from Aug. 1), Brazil’s Finance Ministry has drafted contingency measures to cushion export sectors and will submit plans to President Lula.
Insight
Proactive planning suggests Brazil anticipating worst‑case outcomes and aiming to safeguard key exporters. It signals readiness for trade diversification or domestic support rollout.
