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China Accuses U.S. of ‘Cold War Mentality’ Following Argentina Aid Deal
BEIJING - China has sharply criticized a recent agreement between the United States and Argentina, accusing Washington of harboring a “Cold War mentality” as it seeks to counter Beijing’s growing economic influence in Latin America. The rebuke follows a U.S. commitment to provide economic assistance to Argentina, a nation where China has substantially expanded its footprint through investment and trade.
The escalating tensions highlight a broader strategic competition between the world’s two largest economies for influence in a region increasingly courted by both. The U.S. is attempting to reassert its position in Latin America amid concerns over China’s deepening ties, while Beijing views the region as a crucial component of its Belt and Road Initiative and a source of vital resources.this dynamic places Argentina,under the leadership of President Javier Milei,in a delicate geopolitical position.
China has become a key strategic ally to Argentina, extending a US$18 billion line of credit and bolstering commercial relations, including the construction of a space launch base in Patagonia. This partnership has raised concerns in Washington, prompting the recent aid package to Buenos Aires. Prior to the U.S.-Argentina agreement finalized on Thursday, Milei stated that Washington did not condition its assistance on ending the deal with China.
The dispute intensified Friday when former U.S. President Donald Trump threatened to impose a 100% tariff on Chinese goods, alongside export controls on critical software, starting November 1st. Trump indicated he might reverse course if China lifts its restrictions on rare earth minerals.
Argentina’s rich reserves of rare earth minerals were highlighted by analysts, coinciding with the imposition of restrictions by Beijing. President Milei, who previously criticized China during his election campaign, has since softened his stance, referring to the country as a ”great commercial partner.” The situation underscores the complex balancing act facing Argentina as it navigates the competing interests of the U.S. and China.
