By Zoila Palma: Across Central America and the Caribbean, China has flooded markets with low-priced goods.
Now, manufacturers in this region seek new buyers amid weak domestic demand and declining sales to the United States.
From autos to clothing and online shopping, Chinese goods are rapidly gaining ground across the region, pressuring local industries and prompting governments to consider protective measures.
China has become one of Latin America’s most important trading partners, drawn by the region’s natural resources and consumer markets of more than 600 million people, AP reports.
As exports to the U.S. fell sharply last year, shipments to Latin America climbed, making the region a key outlet for China’s excess industrial production.
The surge is most visible in e-commerce and consumer goods.
Platforms such as Temu and Shein have seen explosive growth, offering ultra-cheap products that appeal to consumers but undercut local retailers.
In cities like Mexico City and Buenos Aires, shop owners say Chinese-made goods now dominate markets, forcing long-established businesses to close and fueling job losses in sectors such as textiles and manufacturing.
Automobiles are another flashpoint. Chinese brands now dominate electric vehicle sales in Brazil and have made Mexico the top destination for China’s auto exports.
But, Governments are now concerned about the impact on domestic auto industries that employ hundreds of thousands of workers.
In response, countries including Mexico, Brazil and Chile have raised tariffs, tightened tax exemptions and imposed new regulations on imports.
Still, Latin America’s ability to resist China’s export surge is limited.
Many countries depend on Beijing as a buyer of commodities and a major source of financing and investment.
The post International News: Latin America struggles to save its industries as markets become saturated with cheap Chinese goods appeared first on Belize News and Opinion on www.breakingbelizenews.com.
By Zoila Palma: Across Central America and the Caribbean, China has flooded markets with low-priced goods. Now, manufacturers in this region seek new buyers amid weak domestic demand and declining sales to the United States. From autos to clothing and online shopping, Chinese goods are rapidly gaining ground across the region, pressuring local industries and
The post International News: Latin America struggles to save its industries as markets become saturated with cheap Chinese goods appeared first on Belize News and Opinion on www.breakingbelizenews.com.
