Brazil and Mexico Eye More Trade as Trump Tariffs Loom

The presidents of Brazil and Mexico are looking to broaden trade ties as US tariff concerns deepen for both export-driven economies ahead of a fast-approaching deadline set by President Donald Trump.

Brazil’s Luiz Inácio Lula da Silva and Mexican counterpart Claudia Sheinbaum spoke on the phone Wednesday, according to a statement from the Brazilian leader’s office, as both governments brace themselves for costly new export duties for goods shipped to the US if Trump carries though with his latest tariff threats.