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Beyond Panama Canal, Trump stares at China’s growing influence in Latin America

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The entrance of the Balboa Port is pictured after Hong Kong's CK Hutchison Holdings Ltd 0001.HK agreed to sell its interests in a key Panama Canal port operator to a BlackRock Inc-backed consortium, amid pressure from U.S. President Donald Trump to curb China's influence in the region, in Panama City, Panama, March 4, 2025. REUTERS/Enea Lebrun

The Balboa Port is currently operated by Hong Kong's publicly-listed CK Hutchinson Port Holdings.

PHOTO: REUTERS

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The Trump administration savoured a quick victory after a Hong Kong conglomerate this week

decided to hand over its stakes in two major Panama Canal ports

to a consortium led by a powerful American investment firm.

But it is small consolation for Washington in its broader tug of war with China in Latin America.

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