• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

Meet a 71-year-old who retired as a radiologist and professor, and now runs a banana-skewer business: ‘I never want to retire. Why would you do that?’

3

China suffers another setback in effort to de-dollarize global finance as anchor in the greenback's dominance quietly exits Beijing's payment scheme

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

Meet a 71-year-old who retired as a radiologist and professor, and now runs a banana-skewer business: ‘I never want to retire. Why would you do that?’

3

China suffers another setback in effort to de-dollarize global finance as anchor in the greenback's dominance quietly exits Beijing's payment scheme
PoliticsLatin America

Mexico and Brazil are moving to work together as a counterweight to Trump’s shifting global tariffs

By
The Associated Press
The Associated Press
Down Arrow Button Icon
By
The Associated Press
The Associated Press
Down Arrow Button Icon
April 10, 2025, 6:54 AM ET
Mexico's President Claudia Sheinbaum gestures as she delivers her daily press conference at Palacio Nacional in Mexico City on April 2, 2025.
Mexico's President Claudia Sheinbaum gestures as she delivers her daily press conference at Palacio Nacional in Mexico City on April 2, 2025.ALFREDO ESTRELLA—AFP via Getty Images
Google source logo
Add Fortune on Google for similar content.

The leaders of Mexico and Brazil said on Wednesday they would work to strengthen trade between their nations — Latin America’s two biggest economies — as a counterweight to U.S. President Donald Trump’s shifting positions on global tariffs that have thrown markets into chaos.

Recommended Video

Mexican President Claudia Sheinbaum and Brazilian President Luiz Inácio Lula da Silva met on the sidelines of a regional summit in Honduras, where leaders strategized how to respond Trump’s tariffs and escalating deportations, among other issues.

“We decided to further strengthen relations between our two countries by promoting regular meetings between our governments and the business sectors of Brazil and Mexico,” Lula said on X.

The meeting of 11 heads of state and 20 representatives from Latin America and the Caribbean, a bloc known as the Community of Latin American and Caribbean States, was marked by a call to put aside differences in the face of global tensions.

“Today more than ever is a good time to recognize that Latin America and the Caribbean require unity and solidarity,” Sheinbaum said during the summit.

Trump on Wednesday suspended his global tariffs for 90 days on most countries other than China, which was hit with increased 125% tariffs, another escalation in the trade war between the two countries.

Even with the pause in tariffs, resentment still simmers among many trading partners and U.S. allies, which have started to look for other reliable trade alternatives in the face of uncertainty under the Trump administration.

Adding to the economic turmoil are also larger frustrations over Trump’s deportation tactics, increasingly the subject of legal scrutiny and human rights criticisms, and moves by his administration that some say infringe on the sovereignty of foreign nations.

That has spanned from U.S. Defense Secretary Pete Hegseth saying that Chinese presence in the Panama Canal represents a security threat, to recent reports that the Trump administration is studying the possibility of drone strikes against Mexican cartels, which Sheinbaum has sharply rejected.

“We do not agree with any kind of intervention or interference,” she told reporters Tuesday in her morning news conference.

Fortune Daily breaks the traditional barrier between audience and newsroom. The show transforms Fortune’s trusted reporting into actionable, conversational, and entertaining insights for an emerging class of business leaders. Watch here.
About the Author
By The Associated Press
See full bioRight Arrow Button Icon
Google source logo
Add Fortune on Google for similar content.

Latest in Politics


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in Politics


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.