US Will Take Back Panama Canal From Chinese Influence
Digest more
Top News
Impacts
Hegseth said the U.S. would work with Panama to keep the canal free from foreign control, particularly from China, which he accused of leveraging commercial ties for espionage.
From EconoTimes
Hegseth said the US will not allow China or any other country to threaten the canal’s operation.
From CNN
Read more on News Digest
U.S. Defense Secretary Pete Hegseth announced efforts to reclaim the Panama Canal from Chinese influence. During his visit to Panama, Hegseth emphasized strengthened cooperation to prevent China from utilizing commercial ties for espionage and reiterated the importance of strategic control over the canal.
Panama has launched a formal investigation into a controversial port contract awarded to CK Hutchison, a Hong Kong-based conglomerate, over the operation of two major ports in the country. Attorney General Luis
HONG KONG] CK Hutchison Holdings shares extended declines on Wednesday (Apr 9), erasing all their advances since the company agreed to sell its Panama Canal port assets to a BlackRock-led consortium last month.
Danish shipping powerhouse A.P. Moller-Maersk A/S purchased a railway linking ports at both ends of the Panama Canal, undermining the US’s presence along a key trade route where Donald Trump is trying to elbow out competitors.
When the region experiences droughts, as it did in 2023–2024, the resulting water shortages can lead to increasing water conflicts.
Defense Secretary Hegseth said the U.S. and Panama are strengthening security ties and "together" will "take back" the canal from the influence of China, which operates two major ports.