Authored by Jake Scott via FEE,
On a Sunday night in late July, Brazil's Luiz Inácio Lula da Silva and China's Xi Jinping spoke for more than an hour. It was cordial and faintly triumphant, with the two governments announcing their intention to accelerate a long-stalled China-Mercosur trade agreement. Alongside this, there are plans to deepen cooperation on satellites and critical-minerals processing, and waive short-stay visa requirements.
Image Credit: Custom image by FEEThis marks a serious change for Brazil. For years, it was Brasília that had spearheaded all resistance to exactly this sort of deal within the Mercosur bloc. The reversal was as sudden as it was shocking, taking only a fortnight to emerge, following a new American tariff taking effect and the Brazilian president deciding that the cost of alignment with the United States had, at last, exceeded its benefits.
Confronted with a United States that has moved from partner to antagonist, Brazil sees itself as neither retaliating in kind nor capitulating; it is hedging, deliberately, on several fronts at once. For many observers, this is a rational reaction to the emergence of an increasingly multipolar world. But just under a century ago, th
