Latin American Leaders Open Door to Tighter Chinese Trade Ties
Latin American Leaders Open Door to Tighter Chinese Trade Ties
This is a huge moment for China to forge closer trade ties with Latin America in view of Trump's protectionist policies, points out AS/COA's Eric Farnsworth.
LIMA, Peru—Donald Trump’s pledge to dismantle U.S. trade agreements is leading some of the closest U.S. allies in Latin America to reassess trade priorities, opening the door for China to strengthen its ties with the region.
On Friday, Chinese President Xi Jinping will arrive in Peru’s capital for a meeting with leaders from 21 Pacific Rim countries that make up the Asia-Pacific Economic Cooperation, which accounts for half of global trade. U.S. President Barack Obama, Russian President Vladimir Putin and Japanese Prime Minister Shinzo Abe will also participate….
…“This is a huge moment for China,” said Eric Farnsworth, vice president of the Council of the Americas and Americas Society. “I think the Chinese are anticipating getting full value out of it to be able to show that the U.S. may be taking an inward track and China is ready to welcome the world.”
Representatives for Mr. Trump weren't available but in numerous comments he has said he would base his trade policies on what’s best for U.S. workers, which he has signaled could mean more protectionist policies….
