Brazil turns to China trade deal after Trump’s tariffs, as years of resistance end

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Chinese President Xi Jinping and Brazilian President Lula da Silva agreed to accelerate trade deal negotiations between China and Mercosur, overturning years of prior resistance from Brazil. The two leaders stressed the importance of speeding up talks for a comprehensive Mercosur-China trade agreement.

Chinese President Xi Jinping and Brazilian President Luiz Inacio Lula da Silva agreed on Sunday night to accelerate negotiations for a trade agreement between China and Mercosur, a striking reversal for Brasilia, which for years led resistance to such a deal in the South American bloc. The two leaders spoke by telephone for more than an hour, according to a statement from the Brazilian presidency, and “coincided on the importance of speeding up the talks for a Mercosur-China agreement that...