China has planted its red flag across Latin America this century, displacing the US as the main trading partner in South America and investing more than $130bn in everything from ports to copper mines.
Now the Trump administration is pursuing America First policies such as tariffs and undermining the economic logic of locating factories in nearby countries. Surely Beijing will clean up in what America used to consider its backyard?
Wrong. While China may win a quick boost to its trade with Latin America, there are several reasons why the region is unlikely to draw closer to Beijing over the longer term.
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