Geopolitics · Latin America
—The stakes. The US and China are contesting supply chains, critical minerals, telecoms and port control across Latin America in 2026.
—The infrastructure. China’s Chancay port in Peru now moves about 200,000 TEU in the first half of 2026, up 71 percent year-on-year.
—The rules. Peru’s courts restored state oversight of Chancay in July 2026, but COSCO has appealed to the Constitutional Court.
—The pressure. Washington is pairing tariff threats with nearshoring incentives to pull Mexico, Brazil and South American exports away from China.
