U.S. Defense Secretary Pete Hegseth expressed new concerns about Chinese engagement in Latin America. “China’s military has too large of a presence in the Western Hemisphere,” Hegseth said at a security conference in Panama. “Make no mistake, Beijing is investing and operating in this region for military advantage and unfair economic gain.” (ASSOCIATED PRESS)
China pushed back this week against accusations by U.S. Special Envoy for Latin America Mauricio Claver-Carone that Beijing’s $18 billion swap agreement with Argentina is “extortion.” Foreign Ministry Spokesperson Lin Jian said the currency swap deal helps to stabilize the Argentinian economy, and Claver-Carone’s remarks were merely intended to “drive a wedge” between China and its partners in Latin America. (REUTERS)