The Economist highlights opportunities and challenges involved in closer US/Brazil ties:
Judging from the number of American investors turning up in São Paulo every week, Mr Obama must hear about the glowing opportunities Brazil presents in just about every time he meets businessfolk. But with the most overvalued currency of any big economy, Brazil’s own industrialists are prodding the government to keep imports out. It has hiked already-high tariffs on many imports even further, and is taxing foreign-currency inflows increasingly heavily to keep out speculative inflows. Brazil has made it clear it only wants long-term investment, and is only interested in foreign businesses that are willing to make whatever it is they want to sell in Brazil.
You can read the full story here.