US-China Face-Off Over Panama Canal, Geo-Political Tensions Rise

India
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CNBC Awaaz•07-02-2026, 09:07
US-China Face-Off Over Panama Canal, Geo-Political Tensions Rise
- •Panama's top court revoked the license of a Hong Kong-based company's subsidiary operating two key Panama Canal container terminals.
- •The decision is seen as a victory for the US, which seeks to curb China's influence on global trade routes; China has expressed strong displeasure.
- •Panamanian President Jose Raul Mulino rejected China's threats, asserting the judiciary's independence.
- •China has reportedly instructed state-owned companies to halt new project negotiations in Panama and may tighten inspections on Panamanian goods.
- •UN Secretary-General António Guterres expressed concern, highlighting global trade routes as geopolitical battlegrounds.
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