South America trades more with China than with US and EU combined.
https://youtu.be/11imbBNccFk How the US lost the trade war in South America: giant deficits in trade, leadership, and character
Inside China Business
37.5K subscribers
34,638 views Jan 31, 2024
The United States runs chronic trade deficits and fiscal deficits of billions of dollars, every day. China runs trade surpluses of billions of dollars, every day.
Over time, these surpluses become giant pools of capital that can be either returned to China and invested here, or directed into new opportunities abroad.
Also over time, America's deficits reduce opportunities, both abroad and at home.
China is investing hundreds of billions of dollars into Latin America, forming strategic relationships and business partnerships at all stages of South American supply chains and consumer markets. Meanwhile, western countries are fiscally exhausted, unable even to pay for domestic spending.
The financial and economic realities are stark. Just as severe is the crisis of confidence, and the failure of America's leaders and our people to turn the tide, to remember our legacy and promise. Until that happens, expect more of these country maps to turn red.
