Financial TimesFinancial Times

How the Ukraine war has divided the world

By Gideon Rachman

17 Apr 2023 · 4 min read

Editor's Note

“What we get from China is an airport. What we get from America is a lecture.” The FT's Gideon Rachman argues that the war in Ukraine may be eroding American global influence.

While Joe Biden was on a sentimental journey to Ireland, Xi Jinping was busy in Beijing. Following a high-profile visit by President Emmanuel Macron of France, the Chinese leader played host to President Luiz Inácio Lula da Silva of Brazil.

The messaging to emerge from the Lula-Xi summit was congenial to China and disturbing to the US. Brazil’s leader said that his country wanted to work with China to “balance world politics” and accused America of “incentivising” the war in Ukraine. He also backed a longstanding Chinese goal of undermining the US dollar’s role in the world financial system, remarking — “Every night I ask myself why all countries have to base their trade on the dollar.”

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