China opens new megaport in Peru, reshaping trade routes in Latin America

A new China-backed megaport, Chancay, has opened in Peru, potentially creating trade routes that bypass North America. This development highlights China's growing influence in Latin America, a region traditionally dominated by the U.S. The $3.5 billion port, inaugurated by President Xi Jinping, is expected to facilitate trade from several South American countries to Asia. It will allow larger ships and reduce shipping times significantly. U.S. officials express concern over China's strategic foothold in the region, especially as the U.S. prepares for a new administration under President-elect Donald Trump. The situation raises questions about future U.S.-Latin America relations amid increasing Chinese investment.