China has seen opportunity and solidified its position via financial largesse; it is now the top trade partner for most of South America and the largest sovereign debt holder.
There aren’t many issues that unify Washington right now like the desperate hope its pro football team will return to glory under new ownership.
If you don’t pay adequate attention to your own backyard, someone else will muscle into the neighborhood. With the United States focused elsewhere, China has seen opportunity and solidified its position via; it is now the top trade partner for most of South America and the largest sovereign debt holder.
At the same time, the Western Hemisphere is richly blessed with natural resources — including critical minerals such as copper and lithium — which have become strategic components of global energy transition and climate change mitigation. As a new Council of the Americas report makes clear, however, Beijing’s ambitions for the Americas go well beyond the desire forThe goals are wide-ranging, integrated, and open-ended —including the cultivation of political leverage that can be deployed when required. Case in point, China’s use of loan guarantees to convince Honduras toBut as its Honduras play makes clear, Chinese money usually comes with strings attached — many strings.
And the cost is even more incalculable when it comes to enabling nations like Venezuela which are already on the path to authoritarianism.
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