Trump gets a boost as Panama court voids Hong Kong firm’s canal contract [MSNBC.com]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
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Source: MSNBC.com
In this articleThe Portuguese cargo ship MSC Maxine is pictured at the Port of Balboa at the entrance to the Panama Canal in Panama City on April 23, 2025. The Port of Balboa is managed by CK Hutchison Holdings, based in Hong Kong.Martin Bernetti | Afp | Getty ImagesPanama's top court has ruled against Hong Kong-basedThe outcome is widely seen as a victory for the Trump administration's security ambitions in the Western Hemisphere, with the U.S. seeking to counter China's strategic influence in the region.In abrief statementThe court said it came to its decision after "extensive deliberation" but did not provide further details on the next steps.It comes roughly one year after U.S. PresidentDonald Trumpthreatened to seize controlThe Trump administration has made blocking China's influence over the Panama Canal one of its top priorities."TheMonroe Doctrine"Under our new national security strategy, American dominance in the Western Hemisphere will never be questioned again," Trump said.
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- The US wants to push China out of Latin America. The Panama Canal is the latest test [CNN]CNN
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