When President Donald Trump called for the US to retake control of the Panama Canal during his inauguration speech last year, falsely claiming that the waterway is being operated by China, it set off a chain of events that landed Hong Kong tycoon Li Ka-shing in the middle of a proxy battle between two superpowers.
When President Donald Trump called for the US to retake control of the Panama Canal during his inauguration speech last year, falsely claiming that the waterway is being operated by China, it set off a chain of events that landed Hong Kong tycoon Li Ka-shing in the middle of a proxy battle between two superpowers.
The Port of Balboa at the Pacific entrance of the Panama Canal.
China is asking state firms to halt talks over new projects in Panama, as part of Beijing’s broader retaliation after the Central American country voided CK Hutchison Holdings Ltd.’s contract to operate two ports along its strategic canal, according to people familiar with the matter.
China is asking state firms to halt talks over new projects in Panama, as part of Beijing’s broader retaliation after the Central American country voided CK Hutchison Holdings Ltd.’s contract to operate two ports along its strategic canal, according to people familiar with the matter.
Containers and cranes at the Port of Balboa at the Pacific entrance of the Panama Canal in Panama City, Panama, on Tuesday, Feb. 25, 2025. Panama is considering canceling its contract with Hutchison Ports PPC, a Hong Kong-based company that operates ports near the Panama Canal, to defuse President Donald Trump's threats about countering China's influence.
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