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The Panama Canal has spent the past few years battling extreme weather, with the El Niño phenomenon and severe drought leading to a water-level crisis. Now, it’s President Trump’s trade war that is threatening the global trade gateway. A critical passage for U.S. East Coast bound ocean freight container traffic, the Panama Canal is facing … Read more
China dialed up scrutiny of Hong Kong billionaire Li Ka-shing’s planned Panama ports sale to a BlackRock Inc.-backed group while Donald Trump sought preferential treatment for U.S. ships in the waterway, adding to uncertainty over whether the blockbuster deal will proceed. China’s market regulator said Sunday that its review of Li-owned CK Hutchison Holdings Ltd.’s … Read more
The United States and Panama have officially signed a new defense and security pact aimed at reinforcing control over the Panama Canal, a move that Defense Secretary Pete Hegseth claims is critical to pushing back against China’s growing grip in the region. In a press release posted Wednesday night on X, the Panama Canal Authority … Read more
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The BlackRock Panama Canal purchase, a $22.8 billion deal for 43 global ports, including two at the Panama Canal, has thrust Hong Kong’s CK Hutchison into a fierce US-China standoff. The sale to a BlackRock-led group is stirring geopolitical unease, pulling economic control, security, and trade into the spotlight. Trump was right after all. China … Read more
BlackRock just threw a $19 billion wildcard into the drama swirling around the Panama Canal. The US investment giant, fronting a consortium, snapped up CK Hutchison’s ports business, a Chinese multinational conglomerate, snagging control of the critical Balboa and Cristobal terminals. It’s a flashpoint for US-Panama relations, a fresh setpiece for global trade games, and … Read more
Trump pointed to three deals he claimed were proof of how his officials were bringing jobs back to the U.S., opening up new markets, and ensuring U.S. security. Read More
“I reject, in the name of Panama and all Panamanians, this new affront to truth, and to the dignity of our nation,” President Jose Raul Mulino said in an X post. Read More
US President Donald Trump speaks during an address to a joint session of Congress at the US Capitol in Washington, DC, on March 4, 2025. Mandel Ngan | Via Reuters President Donald Trump on Tuesday touted the U.S. asset management firm BlackRock’s deal to buy two Panama Canal ports as a positive step in his … Read more
José Raúl Mulino denied the U.S. State Department’s claim that his country had reached a deal allowing U.S. warships to transit the Panama Canal for free. Read More
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