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Panama Canal

World

Trump’s boasting of taking back Panama Canal fails, China close to gaining greater control of the canal through Hong Kong firm

OpIndia Staff -
US President Donald Trump had declared, "China is operating the Panama Canal, and we didn’t give it to China — we gave it to Panama — and we’re taking it back." However, it looks like Trump is set for a massive disappointment.
News Reports

Amid Trump’s calls to reclaim Panama Canal’s control from China, American financial giant buys 90% stake in ports of the canal from Hong Kong...

OpIndia Staff -
Hong Kong-based conglomerate CK Hutchison Holdings has agreed to sell its controlling stake in Panama Ports Company (PPC) to a consortium led by U.S. asset management giant BlackRock.
OpIndia Explains

Panama Canal row: Why does Donald Trump want the USA to ‘take back’ the engineering marvel?

Rukma Rathore -
Accusing Panama of charging outrageous rates to use the canal, Donald Trump declared that the US would not tolerate it.

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