US warns Latin America to be cautious of Chinese investments as Xi opens port in Peru

The United States has urged Latin American countries to be cautious about Chinese investments as President Xi Jinping opened a $3.5 billion port in Peru. This port, located in Chancay, is the first Chinese-funded port in South America. US officials emphasized the importance of ensuring that Chinese economic activities comply with local laws and protect human rights and the environment. They highlighted ongoing US support for Peru, including donations of equipment and cooperation in various sectors. The new port will enable South American nations to trade more directly with Asia, bypassing traditional routes through Mexico and the US. This development reflects growing competition between the US and China in the region.