Trump Steps Up Efforts to Check China Influence in Latin America
- Treasury questions Beijing’s overtures to IDB, a regional bank
- White House pushback comes amid increasing tensions with China
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The Trump administration is pushing back against China’s efforts to boost its economic ties with Latin America, as the rivalry intensifies between the world’s two largest economies.
The U.S. Treasury Department took steps to check the Asian nation’s growing influence in the region last month, when it raised questions about Beijing’s overtures to Latin America’s multilateral lender. The U.S. is the largest shareholder of the Inter-American Development Bank at 30 percent, whereas China’s stake in the lender is a minuscule 0.004 percent.