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Chinese President Xi Jinping on Thursday inaugurated South America’s first Beijing-funded port in Chancay, Peru, a symbol of the Asian superpower’s growing influence on the continent as it prepares to face off with a new Donald Trump administration.
The $3.5-billion complex, about 50 miles (80 kilometers) north of Lima, is meant to serve as a major hub for Chinese trade at a time the Asian giant is under threat of major tariff hikes after Trump reenters the White House for a second term.
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