By distinction, Bolsonaro's once-acrimonious relationship with Beijing has softened and is yielding
By distinction, Bolsonaro’s once-acrimonious relationship with Beijing has softened and is yielding tangible outcomes, with China shopping for ever extra Brazilian meat and even coming to the rescue of its troubled deep-water oil public sale final month.
Analysts mentioned Trump’s repeated snubs of Bolsonaro may push Brazil again towards the extra long-term, constant and drama-free embrace of China.
“Should you’re involved about China’s rising financial affect in Latin America, imposing tariffs is at greatest counterproductive,” mentioned Monica de Bolle, senior fellow on the Peterson Institute for Worldwide Economics in Washington.
Thomaz Favaro, regional director at consultancy Management Dangers, mentioned Bolsonaro’s efforts to shimmy nearer to Trump haven’t gained traction in Washington, whereas Beijing has been way more open to working strategically with Brazil.
“It’s extremely clear that China has tried to place itself as a gentle ally of the Brazilian authorities, no matter political distinction, and I…