CFR's O'Neil on Latin America Outlook

The video discusses the evolving trade dynamics between the US and Latin America, highlighting opportunities for Latin America as the US seeks new trade partners away from Asia, particularly China and Russia. It explores the US's limited free trade agreements, mostly in Latin America, and strategies like nearshoring and friendshoring. The Summit of the Americas is expected to focus on regional issues like migration and drug trafficking. The video also examines the impact of deteriorating US-China relations on Latin America, noting China's growing influence and the challenges it poses to Latin American economies.

In what ways does the text suggest that migration flows impact US relations with Latin America?

What does the term 'nearshoring' refer to in the context of the text?