China is investing billions in Latin America, potentially sidelining US farmers for decades to come | Arkansas Advocate
"COSCO Shipping, a state-owned Chinese company, is investing at least $3.5 billion to construct 15 berths, logistics facilities, and a 1.1-mile tunnel, enabling cargo to be channelled directly from the port to nearby highways.
Once fully operational, Chancay will function as a regional redistribution hub for exports from Peru, Argentina, Brazil, Chile, Ecuador and Colombia: from copper and lithium to soybeans and other agricultural products. Upon completion around 2035, it is expected to become the region’s third-largest port.
These and other recent investments across the region have positioned China to source more agricultural products from Latin America as it pivots away from U.S. farmers in response to President Trump’s higher tariffs."
"This is bad news for American farmers, particularly soybean growers.
Soybeans are a cornerstone of American agriculture, particularly in the Midwest. Nationwide, more than 270,000 farms grow the crop, according to the latest Census of Agriculture. In Illinois, nearly half of all farms depend on soybean production, and in Iowa and Minnesota, about four in 10 do."
Sounds like Trump has changed from MAGA to MLAG! Make Latin America Great!
