China's Chancay port in Peru set to boost trade ties with Brazil

China's Chancay port in Peru is set to be inaugurated by President Xi Jinping next week. This port, funded by China, could significantly impact Pacific trade and enhance China's economic ties in South America, particularly with Brazil. The port, costing around $3.5 billion, aims to become a key logistics hub connecting South America to the Indo-Pacific. This development raises concerns among U.S. officials about the broader economic implications for the continent. Former U.S. official Erik Bethel highlighted the potential risks of the port's connection to Brazil, marking a shift in focus from security to economic consequences. The project is part of China's Belt and Road Initiative, which seeks to strengthen its influence in Latin America.