Biden attends APEC summit in Peru as China strengthens trade ties with new megaport
U.S. President Joe Biden is attending the APEC summit in Peru, facing challenges from China's growing influence in Latin America. China is set to open a $1.3 billion megaport, enhancing its trade ties in the region. Biden's presence is overshadowed by the prospect of Donald Trump's return to power, which could shift U.S. foreign policy back to isolationism. This situation contrasts with Biden's goals of strengthening U.S. partnerships in Latin America. China's investments in the region have surged, with trade increasing significantly over the past two decades. Analysts expect the competition between the U.S. and China to dominate discussions at the summit.