Why Chile is the latest LATAM country to be caught in a U.S.-China power struggle [CNBC]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
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Source: CNBC
Rodrigo Arangua | Afp | Getty Images Chile is the latest Latin American country to have become embroiled in a U.S.-China power struggle The country, which counts Washington as its top foreign investor and Beijing as its largest trading partner, is facing pressure from the White House over a subsea cable project with links to China. In a surprise move, U.S. Secretary of State Marco Rubio said late last week that the Trump administration would impose visa restrictions on three Chilean officials tied to a digital cable project proposed by Chinese firms, alleging a security threat. Chilean President Gabriel Boric, who will leave office on March 11, condemned the visa sanctions and rejected the notion that the country “promotes any action that threatens our security or that of the region.” Chile's outgoing left-wing government later said one of the sanctioned officials was the country's Minister of Transport and Telecommunications Juan Carlos Muñoz, without commenting on the ide
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