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China’s embassy in Argentina accuses US of obstructing cooperation

By Reuters1 min readInvesting.com
China’s embassy in Argentina accuses US of obstructing cooperationChina’s embassy in Argentina accuses US of obstructing cooperation

China’s embassy in Argentina accuses US of obstructing cooperation

BUENOS AIRES, Aug 6 (Reuters) - China’s embassy in Argentina accused the United States of using visa revocations to obstruct cooperation between a local company and China’s Huawei, calling the move an affront to sovereignty and free-market principles.

"The U.S. embassy in Argentina has deliberately promoted the so-called ’China threat theory,’ broadened the concept of national security, and, through visa revocations, blatantly hindered normal cooperation," the Chinese embassy said in a statement published on social media late on Wednesday.

The U.S. embassy in Argentina did not immediately respond to a request for comment.

The administration of U.S. President Donald Trump, a close ally of Argentine President Javier Milei, has expressed concern about Chinese influence in Latin America -- including Argentina, which has Beijing as its second-largest trading partner.

Chinese and Argentine central banks earlier this week renewed a bilateral currency swap agreement for five years totaling 130 billion yuan ($19.3 billion).

($1 = 6.7488 Chinese yuan renminbi)