How China is outsmarting the US in Latin America

By Azhar Azam – Tribune

Bilateral relations have shown significant dynamism with Beijing being Brasilia’s largest trading partner since 2009, one of the main sources of foreign investment and biggest export destination. Brazil maintains a whopping $51 billion trade surplus with China and its exports to Beijing have surpassed the combined sales to the EU and the US.

China, once a major buyer of the US soybeans, has been diversifying its farm purchases from America, and Brazil is emerging as a ley beneficiary of this trade war. In 2023 alone, the South America agriculture powerhouse shipped more than $60 billion of agricultural products to Beijing, up $9.5 billion from 2022. Brasilia continues to eat the US share by flooding the Chinese markets with its corns and soybeans.