Biden’s APEC trip overshadowed by Trump’s win and China’s growing Latin America clout

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Biden’s APEC trip overshadowed by Trump’s win and China’s growing Latin America clout - Business Mirror

Quick Summary:

LIMA, Peru—If things had gone differently last week, US President Joe Biden could have arrived at the Asia-Pacific Economic Cooperation forum in Peru on Thursday projecting confidence and pledging his successor’s cooperation with eager Latin American partners.No longer.

China’s trade with the region ballooned 35-fold from 2000 to 2022, reaching nearly $500 billion, according to data from the Economic Commission for Latin America and the Caribbean.

At the same time, China’s diplomatic engagement in the region has become more effective, with Xi visiting 11 Latin American countries since becoming president, according to Xinhua, China’s main state news agency.