Mexico's government said on Tuesday it had reached an agreement with Brazil...
FILE PHOTO: New Ford vehicles are seen at a parking lot of the Ford factory in Sao Bernardo do Campo February 12, 2015. REUTERS/Paulo Whitaker
Mexico has been seeking to diversify trading partners since U.S. President Donald Trump warned of the possible death of the North American Free Trade Agreement that has underpinned Mexico’s foreign trade for a quarter-century. Announcing new investments in Brazil on Tuesday, Carlos Zarlenga, General Motors’ top executive for South America, said the Brazilian industry was competitive and benefited from its scale, but noted that taxes were so high that 50 percent of the automaker’s revenue in the country was spent on taxes.
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Police say multiple shots fired at public school in Brazil
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