In December, China announced new tariffs on beef imports from suppliers such as Argentina and Brazil, currently its two largest sources for the commodity. China published its third official policy paper on Latin America, reinforcing the acceptance of the One China principle as a primary condition for diplomatic relations and underscoring China’s commitment to regional cooperation on development, security, and technology. Chinese companies continued to expand influence in Latin America’s mining sector through acquiring three major lithium, copper, and gold-mining companies in the region.
