Mexico is reviewing its tariff policy over China, and an American investor group has signed a huge deal taking control over key ports near the Panama Canal, indicating that Trump’s America
China has displaced the US as the top trading partner in most of Latin America’s 33 nations. Read more at straitstimes.com.
Panama President José Raúl Mulino has accused U.S. President Donald Trump of lying when Trump said in his address to Congress the night before that his administration was “reclaiming” the Panama Canal
Trump and his team are right to recognize Panama’s strategic importance, but they are wrong in how they are approaching the issue. During his inaugural address in January, President Trump proclaimed that “China is operating the Panama Canal” and promised that the United States would be “taking it back.
Trump threatened to take back the canal because of what he called Chinese influence. CK Hutchison, a Hong Kong company, is selling its control in a firm that ran two ports on the canal.
A consortium led by U.S. private equity firm BlackRock has agreed to purchase the Panama port terminals owned by CK Hutchison of Hong Kong. The post After Trump pressure, China sells Panama port terminals to US private equity firm,
Via a subsidiary, the firm manages ports at the Atlantic Ocean and Pacific Ocean entrances to the shipping lane. The new deal includes 43 ports in 23 countries, including these two parts of the Panama Canal, and is worth £17.8bn. The arrangement requires approval from the Panamanian government.
The flash sale of a Hong Kong-owned global ports business highlights geopolitical volatility, executives and analysts said.
Prior to the origination of the plans for the Panama Canal vessels of trade had few options of getting goods from Europe and Asia to N. America.