Brazil Wants Balance With the United States

The United States wants to (re)strengthen its ties with Brazil and Brazil is all for it.  Recently, China overtook the United States as Brazil's biggest trading partner in 2009.  China became Chile's leading export market in 2007.

The United States imported $27 billion from Brazil in 2008, compared to China's $16 billion, according to the Inter-American Development Bank. 

Read more here about how the United States will most likely restructure its partnership with Latin America -- soon.