Panama Launches Probe into Chinese-Controlled Port Operator Amid Trump's Threats to Reclaim Canal
2025-01-21
Fortune
In a surprise move, Panama has dispatched a team of auditors to investigate the local operations of Panama Ports, a subsidiary of CK Hutchison Holdings, owned by Hong Kong billionaire Li Ka-shing. This development comes as US President Donald Trump threatens to take back control of the Panama Canal, sparking concerns over international trade and commerce. The audit aims to ensure transparency and compliance with regulations, amid growing tensions between the US and China over global trade and infrastructure projects, including port management and international shipping.
