Panama Seizes Key Canal Ports Following Trump's Chinese Warnings

The Panamanian government seized two major port terminals from the Hong Kong-based firm CK Hutchison after the Supreme Court declared their operating contracts unconstitutional.This takeover could disrupt a $22.8B stake sale to the US investment firm BlackRock and has triggered a formal diplomatic protest from the Hong Kong government.Donald Trump and Marco Rubio have recently increased pressure on Panama regarding Chinese influence over the canal, which handles 5% of global maritime trade.