Amidst the buzz surrounding Brazilian President Luiz Inácio Lula da Silva’s China visit that began on April 12, the leaders of both countries have signed more than 20 new bilateral agreements.
On the surface, the trip was a run-of-the-mill diplomatic visit. However, some say it underscores an ongoing deprioritization of relations with the United States.
China is Brazil’s largest trade partner, and both nations operate as cornerstone members of the trade bloc known as BRICS. This alliance also includes Russia, India, and South Africa. Members of the trade bloc openly share a desire to displace the U.S. dollar in trade and as a global reserve currency….