As Brazil prepares to host the 2025 BRICS Summit, questions are swirling about the future of the group, as well as China’s growing presence in Latin America. In this episode, we explore the shifting dynamics of global influence with Oliver Stuenkel, professor of international relations at Fundação Getúlio Vargas, in São Paulo, and a visiting scholar at the Harvard Kennedy School and the Carnegie Endowment for International Peace. We discuss Brazil’s evolving role within BRICS, Lula’s foreign policy choices—including his skepticism toward BRICS expansion and the Belt and Road Initiative—and what it all means for U.S.-Latin America relations.