However, China still needs to react to the US's actions in order to maintain its role in Latin America, he said. In 2025, China's trade with Latin American countries tallied US$518 billion, up 6% year-on-year. Meanwhile, US trade with Latin America excluding Mexico totalled only $365 billion, compared with more than $800 billion in trade with Mexico alone. China recently financed a railway project linking Brazil to Peru's newly developed Chancay Port, designed to transport commodities from Latin America to China. "It is unclear what the US can actually offer Latin America.