Latin America News
LAST UPDATE: July 31, 2025
Canada‑U.S. Trade Talks Might Fail to Produce Tariff Deal by Aug. 1, PM Carney Says
Canadian PM Mark Carney warned that trade talks with the U.S. might not conclude by the August 1 deadline, risking tariff imposition and trade disruption.
Insight
Carney’s statement reflects Canada’s cautious stance, prioritizing a fair and sustainable agreement over a rushed deal under U.S. pressure.
Trump, Mexico’s Sheinbaum Plan Call as Tariff Deadline Nears
Trump and Mexico’s President Sheinbaum scheduled a call ahead of the August 1 deadline for a potential 30% U.S. tariff, signaling last-minute negotiations.
Insight
The call highlights diplomatic urgency and Mexico’s readiness to avert a trade crisis through direct engagement.
Mexico sees stable finances, rules out new taxes for 2026, finance ministry says
Mexico’s Finance Ministry ruled out new taxes for 2026 and projected stable public finances, despite ongoing trade tensions.
Insight
Fiscal stability is being maintained amid external risks, signaling confidence in the economy’s resilience.
Brazil’s Central Bank Pauses Interest‑Rate Increases
Brazil’s central bank held interest rates at 15% after multiple hikes, citing inflation control and economic slowdown.
Insight
The pause reflects a balancing act between inflation risks and the need to support economic growth under trade uncertainty.
Brazil says it remains willing to negotiate trade with US; criticizes sanctions, tariffs
Brazil expressed openness to U.S. trade talks but condemned sanctions and tariffs as politically motivated interference.
Insight
Brazil is signaling a dual approach: pursuing diplomacy while defending national institutions from external pressure.
Brazil Supreme Court says it will not deviate from rule of law after US sanctions on judge
After the U.S. sanctioned a Brazilian Supreme Court judge, the court reaffirmed its commitment to constitutional principles.
Insight
The judiciary’s response underscores institutional strength and resistance to foreign influence.
