🇨🇳 Brazil blinks on China deal

Reuters reported that senior Brazilian officials may be warming to the idea of a limited Mercosur-China deal, even if a full free trade agreement remains distant. The shift, the report says, would reflect what one official described as a “new global scenario,” shaped in no small part by the unpredictability of US trade policy under President Donald Trump and the broader fragmentation of global commerce.

Uruguay has long pushed for deeper engagement with China, even threatening to negotiate outside Mercosur if necessary. Brazil, however, put the brakes on its neighbor’s efforts. But a partial agreement between the bloc and China could focus purely on…

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