China Secures $9 Billion Financing Boost for Latin America Amid US Trade Tensions

Chinese President Xi Jinping emphasized China's commitment to Latin America and the Caribbean as a stable and reasonable partner, contrasting this with the unpredictability of the U.S. under Donald Trump's trade policies. Speaking at the China-CELAC Forum in Beijing, Xi denounced bullying and coercion, implicitly criticizing U.S. trade wars and unilateralism, while urging Latin American countries to unite against hegemonism. Despite recent tariff disputes, China and the U.S. agreed to a temporary pause on levies to facilitate negotiations, highlighting ongoing tensions between the superpowers over influence in Latin America. China announced several initiatives to deepen ties, including political, economic, and technological cooperation, alongside a substantial credit line to support regional financing. While many Latin American leaders welcome China's growing partnership, they remain cautious about potential economic risks and the diplomatic repercussions from the U.S. Xi’s message underscored China's strategic effort to solidify alliances in Washington's traditional sphere of influence amid escalating global geopolitical rivalry.