Peru’s exporters are navigating choppy waters as U.S. tariffs, announced earlier this year by President Donald Trump, hit more than two-thirds of the country’s export portfolio. Metals and agricultural goods have felt the biggest squeeze, prompting businesses to rethink their traditional markets.
In response, Lima-based companies have accelerated efforts to diversify. The Chinese mainland has emerged as their top alternative, with new trade agreements and stronger logistical ties taking shape. Experts say Beijing’s growing demand for raw materials and food staples is helping Peru offset the U.S. levies and maintain export momentum.
Peru’s pivot underscores the shifting dynamics of global trade in a digital age. Young entrepreneurs, investors, and policy makers are watching closely as the Andean nation charts a new course—one that could redefine its economic partnerships and resilience on the world stage.
Reference(s):
cgtn.com
