Peru Bets It Can Navigate US-China Tensions, Grow Export Markets

Peru's Finance Minister, Oscar Graham, has expressed confidence in the country's ability to navigate the tensions between the United States and China while expanding its export markets. Peru, an Andean nation, is seeking to benefit from the higher export prices by growing its foreign trade. The finance minister believes that Peru can maintain good relations with both the US and China, two of its major trading partners. This strategy aims to allow Peru to take advantage of the increased global demand and higher prices for its exports, which include commodities like copper and agricultural products. Peru's government is focused on diversifying its export markets and reducing its reliance on any single trading partner. By preserving strong ties with both the US and China, Peru hopes to maximize its economic opportunities and continue its economic growth during a period of geopolitical tensions between the world's two largest economies.