China’s New Megaport in Peru: A Game Changer for Trade and US Influence in Latin America
China has inaugurated the Chancay megaport in Peru, a $3.5 billion project aimed at reshaping trade routes in Latin America. With Chinese President Xi Jinping present, the port is set to enhance direct access to Asian markets for goods from several South American nations. Experts warn that this development poses a strategic challenge to US influence in the region, as the US has been perceived as disengaging from Latin America. The facility could potentially handle both commercial and military ships, raising concerns among US defense officials about China’s long-term intentions.