China seeks to counter US influence with Latin American alliance and $9.2 billion credit line

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China seeks to counter US influence with Latin American alliance and $9.2 billion credit line - Business Mirror

Quick Summary:

TAIPEI, Taiwan—China is moving to strengthen its alliances with other countries as a counterweight to President Donald Trump’s trade war, presenting a united front with Latin American leaders a day after China and the US agreed to a 90-day truce in their tariffs stalemate.

Since taking office for a second time, Trump has prioritized higher tariffs to try to reduce US imports and compel companies to locate factories in the United States, doubling down on a trade war that he launched during his first term.

China’s leaders have positioned the world’s second-largest economy as a reliable trade and development partner, in contrast to the uncertainty and instability from Trump’s tariff hikes and other policies.