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6h ago

Chinese Embassy in Argentina Rebukes U.S. Over Bessent’s Remarks

Buenos Aires seeks to cool tensions after the United States linked new financial support to curbing Chinese influence.

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Overview

  • The Chinese Embassy issued a formal statement calling Scott Bessent’s comments provocative and a sign of a Cold War mentality, asserting that Latin America is not anyone’s backyard.
  • Bessent had said President Javier Milei is committed to pushing China out of Argentina as he defended U.S. support that includes peso purchases and a proposed currency swap of up to US$20 billion.
  • Chief of Cabinet Guillermo Francos said he does not believe the U.S. agreement requires excluding China from Argentina.
  • Beijing highlighted its existing ties, including a reported US$18 billion swap line with Argentina and broader investments, describing its regional engagement as based on mutual benefit.
  • The exchange comes shortly after President Trump announced a 100% tariff on certain Chinese imports and ahead of Milei’s planned visit to the White House next week.