re <<Megaport>>
... for a nation to believe Peru is its backyard, the nation must be big, in the philosophical sense, but should such nation at the same time believe any goods coming from Peru should be sanctioned at the China China China rate, such nation would seem rather small, in the same spiritual angle.
Speaking of which ... topically, and let us see if the Trump is a big person. I remain agnostic
I wonder what would happen should China China China choose to de-couple from the US?
bloomberg.com
Trump Ally Urges Duties on Goods Shipped Via China’s Peru Port
Adviser says 60% tariff should apply to all Chancay shipments Xi helped inaugurate the new facility north of Lima last week
Eric Martin
17 November 2024 at 07:39 GMT+8
The Port of Chancay, which is 60% owned by the Chinese state-owned company Cosco Shipping Ports and 40% by the Peruvian company Volcan Compania Minera.
Photographer: Hidalgo Calatayud Espinoza/picture alliance/Getty Images
A veteran adviser to Donald Trump is proposing that the 60% tariffs that the President-elect has vowed to impose on Chinese goods also apply to goods from any country that pass through a new port that Beijing has built in Peru.
The duties should apply to goods from China or countries in South America that pass through the new deep-water port Chancay, a town 60 kilometers (37 miles) north of Lima, said Mauricio Claver-Carone, an adviser to the Trump transition team who served as senior director for the Western Hemisphere on the White House National Security Council in his first administration.
“Any product going through Chancay or any Chinese-owned or controlled port in the region should be subject to 60% tariff, as if the product was from China,” Claver-Carone said Saturday in a telephone interview.
The duty would help guard against transshipment, Claver-Carone said. That’s the process through which goods from one country — in this case China — enter another and then get re-exported to their final destination market — the US — at lower tariff rates than direct shipments.
Transshipment in Latin America has been of particular concern to the US with regard to ports in Mexico, which overtook China as America’s top trading partner following Trump’s trade war with Beijing.
But such tariffs also should make nations think twice about allowing Beijing to build a port in their territory, he said.
“It’s a shot across the bow” to any country that partners on maritime infrastructure with China, including Mexico, he said.
Mauricio Claver-CaronePhotographer: Tarina Rodriguez/BloombergChinese President Xi Jinping inaugurated the new Chancay port in an elaborate ceremony with his Peruvian counterpart on Nov. 14. Xi boasted that the facility will establish a direct line from Chancay to Shanghai, cutting shipping times and lowering logistics costs.
It’s unclear how much of the shipments from the port would be destined for the US, given Peru and China are seeking to get goods from South America to Asia, and to import consumer goods meant for Peru and its neighbors. At a business event Nov. 15, Ren Hongbin, a former Chinese Commerce Ministry official, said he thinks the port may help facilitate trade between China and the US.
Xi told outgoing US President Joe Biden at a meeting in Lima on Saturday that he’s ready to work with Trump to improve the relationship between the world’s biggest economies. The pair are in Peru for a summit of Asia-Pacific Economic Cooperation leaders. |
