Markets · Trade

—The stage. Brazil’s president attended the G7 summit in Évian, France, as an invited guest.

—The pitch. He cast himself as the voice of the developing world, attacking rising global inequality.

—The standing. Brazil is not a G7 member and has no vote, but leans on its economic and regional weight.

—The subtext. The trip comes as Washington piles trade pressure on Brazil through tariffs and other measures.