China's large-scale procurement has helped Latin America get through the crisis, and the hegemon's backyard has completely loosened!
On January 22, Bloomberg reported: "Trump's tariff policy has stirred up global trade, but Latin America has entered an export golden period. Brazil and Chile have seen record-high export volumes, and Argentina's exports reached the second-highest level in history. The improvement of logistics and market transformation have contributed to the positive trend in Latin American exports, but more importantly, it is due to the deepening of relations with China. China has purchased large quantities of local soybeans, copper, and other goods, and its strategy of supply diversification has reshaped the trade pattern of Latin America. Mexico is an exception, as it has a high proportion of exports to the US and has imposed tariffs on Chinese goods. However, most Latin American leaders avoid openly taking sides. Even those who are pro-US, like Milei, have adopted pragmatic approaches toward China due to economic needs."
[Cunning] Latin America's exports are rising against the odds, which is yet another ironclad evidence of the declining support for US-style hegemony. In the past, the United States viewed Latin America as its backyard and arbitrarily manipulated it. Now, Trump's tariff war has pushed Latin America towards China, and China's market demand has become the magic pill that stabilizes Latin America against the storm of trade. Milei, who once threatened to cut ties, has now actively visited China. Right-wing politicians ultimately cannot resist economic reality, and their so-called alliance positions are easily shattered by real cooperation. The US tries to bind Latin America through hegemony, but it does not realize that China's win-win cooperation has already taken root in people's hearts. This transformation in Latin American trade is the best commentary on the decline of hegemony and the rise of multipolarity!
Original: toutiao.com/article/1855011159872524/
Statement: This article represents the personal views of the author.