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Panama Canal port deal might be off


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2025 Mar 28, 11:11am   145 views  5 comments

by SharkyP   ➕follow (1)   ignore  

Apparently Xi is pissed because he intends to use it as a bargaining chip with Trump. I imagine Trump will just take the canal if the deal fails to go through.

Hong Kong billionaire Li Ka-Shing’s company, CK Hutchison, is delaying next week’s sale of its Panama Canal port operations to a BlackRock-led consortium, amid Beijing’s scrutiny of the $19 billion deal, according to multiple reports.

The deal was expected to be signed on April 2, but has been postponed due to the complexities of the transaction, a source told the South China Morning Post, which first reported the news. A Chinese market regulator said Friday it is set to vet the deal.

The deal was backed by US President Donald Trump who has complained about the presence of Chinese companies in the canal through which 40% of US container traffic passes annually. However, the deal reportedly angered Chinese leader Xi Jinping who had been planning to use the Panama ports as a bargaining chip with Washington. Beijing has told state-owned companies to hold off new collaborations with businesses linked to Li Ka-Shing.

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1   Eric Holder   2025 Mar 28, 12:12pm  

SharkyP says

I imagine Trump will just take the canal if the deal fails to go through.


Nah, Trump is the master of the art of the deal. Literally wrote a book on the subject.
3   rocketjoe79   2025 Apr 2, 10:34am  

From Grok:

The USA cannot legally retake control of the Panama Canal. The canal was transferred to Panama under the 1977 Torrijos-Carter Treaties, which granted Panama full sovereignty over the canal as of December 31, 1999. Any attempt to retake it would violate international law and Panama's sovereignty.

This sounds like another idiotic move by Jimmy Carter, one of the worst presidents ever. Change my mind.
4   Eric Holder   2025 Apr 2, 11:44am  

rocketjoe79 says

This sounds like another idiotic move by Jimmy Carter, one of the worst presidents ever. Change my mind.


It took more than Jimmy. The nonsense was triggered by Ike when he twisted UKs arm and prevented them from taking back Suez, nationalized by Egypt.

The actual negotiations for takeover started in 1974, i.e. under Ford. Jimmy was the one who signed it, that's all.

So it's kinda like withdrawal from Afghanistan: one guy brokered a shitty deal and the next one performed a shittier withdrawal.
5   Patrick   2025 Apr 2, 7:18pm  

SharkyP says

Hong Kong billionaire Li Ka-Shing


Also known as Li Ka-Ching. He donated one of the medical buildings at Stanford that I bike by sometimes:

https://conferencecenter.stanford.edu/

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