US EditionChina expected to ramp up soybean imports from Brazil amid trade war: analysts
- The leader of Brazil, Luiz Inácio Lula da Silva, is traveling to Beijing this week to meet with Chinese President Xi Jinping in an effort to enhance the partnership between Brazil and China.
- Lula aims to leverage U.S. Tariffs under Donald Trump's trade policies to boost Brazilian exports of grains, metals, and meat to China.
- The visit follows last November's elevation of diplomatic ties and is expected to result in over a dozen deals and new investments from agriculture to railways.
- Chinese investments in Brazil reached $1.73 billion in 2023, with growing interest in railway projects linking farms and mines to ports like Barcarena, Açu, and China-operated Chancay.
- High tariffs of 145% on U.S. Agricultural goods make U.S. Exports to China unfeasible, creating opportunities for Brazil to expand its market share amid China's diversification strategy.
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Lula halls inexhaustible cooperation with China
In the face of rising global protectionism, Brazil is committed to removing trade barriers and providing more convenience for mutual benefit cooperation with China, visiting Brazilian President Luiz Inacio Lula da Silva said on Monday.
·China
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Lula and Xi to Ink New Deals as Brazil Shrugs Off Trump’s Trade Threats
Brazil’s Luiz Inacio Lula da Silva insists he doesn’t want to pick between the US and China as his two largest trading partners wage a trade war. But it’s increasingly clear which side he’d choose if forced.
·United States
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Total News Sources15
Leaning Left2Leaning Right2Center3Last UpdatedBias Distribution43% Center
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C 43%
R 29%
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