Panama May Need a New Trump Strategy
The country’s accommodating stance so far hasn’t stopped the U.S. president from demanding the return of the canal.
On March 5, U.S. President Donald Trump restated his intention to reclaim the Panama Canal, saying, “We’re taking it back,” in an address to a joint session of Congress. That was in spite of the fact that earlier the same day, a deal had been announced between BlackRock and Hong Kong-based CK Hutchison Holdings, granting the U.S multinational investment company control over the Balboa and Cristobal ports on the Pacific Ocean and the Caribbean Sea—a point of contention for the U.S. The Panamanian government had hoped that this deal would scale down the diplomatic crisis with...
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