A new China-backed megaport in Peru may create whole new trade routes that will bypass North America entirely.

By Alek Buttermann The inauguration of the Chancay Megaport in Peru marks a significant moment for regional trade, with the facility set to become South America’s largest commercial port. Developed by China's state-owned Cosco Shipping,

China has become Latin America's leading partner, under the nose of the United States, which is busy elsewhere. Xi Jinping inaugurated a Chinese-built megaport in Peru, underscoring Beijing’s growing influence in the region — and the looming showdown with the future Trump administration.