Xi Jinping visits Peru to inaugurate $3.5 billion port ahead of APEC summit

firstpost.com

Chinese leader Xi Jinping arrived in Peru on Wednesday for the Asia-Pacific Economic Cooperation (APEC) summit. His visit comes amid concerns about potential trade tensions with the U.S. under Donald Trump, who has proposed high tariffs on Chinese imports. While in Peru, Xi will inaugurate a $3.5 billion Chinese-funded port in Chancay, aimed at enhancing trade in South America. This port will serve as a key hub for Peru and other countries, allowing them to trade with Asia more efficiently. After Peru, Xi will travel to Brazil for a G20 summit. China is Brazil's largest trading partner, with significant trade in semiconductors and pharmaceuticals. Both countries are working to strengthen ties while navigating their relationships with the U.S.


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