Exclusive: China has widened the gap on the United States in trade terms in large swathes of Latin America since President Joe Biden came into office early last year, data show, underscoring how Washington is being pushed onto the back foot in the region
An exclusive Reuters analysis of U.N. trade data from 2015-2021 shows that outside of Mexico, the top U.S. trade partner, China has overtaken the United States in Latin America and widened the gap last year.
Juan Carlos Capunay, Peru's former ambassador to China, said that Mexico aside, "the most important commercial, economic and technological ties for Latin America are definitely with China, which is the top trade partner for the region, well above the United States.
But one U.S. official, speaking on condition of anonymity, conceded that Washington faced a tough challenge. China leads in Argentina, has extended its lead in Andean copper giants Chile and Peru, and seen a huge advance in Brazil, despite far-right President Jair Bolsonaro's skepticism about Chinese business interests holding too much sway in the country.Welber Barral, Brazil-based partner at BMJ Consultores Associados, said China often brought investment in transport and infrastructure which helped trade deals in grains and metals, while governments often felt the United States was all rhetoric.
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