Mexico plans a reform introducing tariffs on select sectors to generate about 70 billion pesos in revenues and address trade imbalances, focusing on countries without trade agreements.

Morgan Stanley reversed its optimistic outlook on Argentina, underscoring the rapid worsening of political-economic instability following Milei’s electoral setbacks.

Uruguay’s finance minister opted for modest tax increases to reduce the budget deficit instead of drastic spending cuts or sweeping new levies.

Brazil’s Supreme Court has resumed deliberations in the coup-plot trial of former President Jair Bolsonaro, with two of five justices voting to convict so far.

Peru’s finance chief expressed confidence that the country can manage geopolitical tensions between the U.S. and China while expanding its export markets.