How the world was won and lost.
China has widened the gap on the United States in trade terms in large swathes of Latin America since U.S. President Joe Biden came into office early last year, data show, underscoring how Washington is being pushed onto the back foot in the region.
An exclusive Reuters analysis of U.N. trade data from 2015-2021 shows that outside of Mexico, the top U.S. trade partner, China has overtaken the United States in Latin America and widened the gap last year.
How bad are those numbers? Pretty bad.
When excluding Mexico, total trade flows – imports and exports – between Latin America and China hit nearly $247 billion last year, according to the latest available data, well above the $174 billion with the United States. The 2021 data lacks trade numbers from some regional countries but those balance each other out in terms of U.S.-China bias.
The outlier in Latin America, Mexico’s trade flows with the United States were $607 billion last year, up from $496 billion in 2015. Its trade with China was $110 billion, up from around $75 billion six years before.
The CCP’s Silk Road is going through our backyard and our own country.
Biden’s counter to China is… green energy.
In an apparent effort to present a specific alternative to China, senior U.S. officials said Biden would announce an “Americas Partnership” plan at the Los Angeles summit focusing on promoting pandemic recovery by building on existing trade agreements.
It would aim to mobilize investments, reinvigorate the Inter-American Development Bank, create clean energy jobs and strengthen supply chains, the officials sai
Here’s Kerry gushing about a great economic reset based around green energy.
Rebuilding the economy to decarbonize is necessary to minimize the death and destruction caused by global warming. But it’s also one of the largest opportunities to make money in generations, according to comments made by the Special Presidential Envoy for Climate John Kerry on Thursday.
“This is the largest market the world has ever been staring at: the energy transition market,” Kerry said at the IV CEO Summit of the Americas hosted by the U.S. Chamber of Commerce in Los Angeles.
“Every aspect of life can be impacted in a positive way. It’s not something to fear — that we have to shun and shy away from. We have to embrace this transition which will, in the end, I guarantee you, be larger than ultimately than the Industrial Revolution was.”
This is the corrupt childish nonsense that the Biden admin is pushing while China eats our lunch.