Last year, Chinese automaker BYD clinched a deal to take over Ford Motor’s factory in Bahia, Brazil, after Ford decided to withdraw from the Brazilian market. BYD is already the world’s largest producer of electric vehicles, and the move into Brazil is an effort to further consolidate its early conquest of EV markets in the Global South.
The opposition victory in South Korea’s recent legislative elections will greatly reduce President Yoon Suk Yeol’s room for maneuver for the rest of his term. Rather than the victory being the result of the opposition’s campaign acumen, though, the reality is that Yoon—and high supermarket prices—made it all too easy.
A common understanding of why U.S.-China relations have cratered since the 2016 election of former President Donald Trump is that the world’s two largest economies had gone from being complementary to being increasingly competitive and zero-sum. But even in this economic relationship, there are still ways to find common ground.
