China overtakes U.S. as Peru's main trade partner, deepening economic influence in South America.

In South America, particularly Peru, the incoming Trump administration faces a losing trade battle with China. China has overtaken the US as the main trade partner in Peru, with the trade deficit reaching $16.3 billion last year. A new Chinese-built port in Peru will shorten sea routes to Asia, further enhancing China's economic influence in the region, which includes key exports like copper and soy. This shift weakens US political influence in South America.

November 11, 2024
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