"US-Latin America Trade: Biden Administration's Push to Counter Chinese Influence"
President Biden is seeking to strengthen trade ties with Latin America in an effort to counter China's influence and promote economic prosperity in the region. The Biden administration aims to diversify supply chains with trusted partners and allies, with a focus on clean energy, medical equipment, pharmaceuticals, and automotive chips. The Inter-American Development Bank, where the US is the largest shareholder, will support new projects in Latin America. Concerns have been raised about China's growing influence in the region, as trade and diplomatic relations between Latin American countries and China have increased. The US is pushing for more involvement of American companies in Latin America and has proposed legislation to reduce Chinese involvement at the bank.