JUST IN: Panama Caves, Moves Away From China After Pressure From Trump - NewzTimes21.com

JUST IN: Panama Caves, Moves Away From China After Pressure From Trump

Panamanian President José Raúl Mulino recently announced that his country will not renew its agreement with China’s Belt and Road Initiative (BRI), marking a significant shift in Panama’s foreign policy. This decision comes after a meeting with U.S. Secretary of State Marco Rubio, who has been vocal about the risks of Panama’s deepening ties with China. Panama was the first Latin American nation to join the BRI in 2017, a move that symbolized China’s expanding influence in the region. However, Mulino’s decision signals a reorientation towards strengthening relations with the United States.

China’s Belt and Road Initiative has been a major tool for Beijing to expand its economic and political influence globally, particularly in Latin America. By withdrawing from the agreement, Panama distances itself from Chinese investments in infrastructure projects, including developments related to the Panama Canal. Secretary Rubio has warned that Panama’s engagement with China could lead to violations of the Panama Canal treaty, an issue that has long been a point of concern for Washington. The U.S. has consistently expressed apprehension over China’s growing foothold in the region, especially regarding strategic assets like the canal.

Adding to the tension, former President Donald Trump has criticized Panama’s management of the canal, particularly over what he described as unfair toll fees and the country’s increasing economic cooperation with China. Trump has suggested that if violations of the treaty occur, the U.S. might push for greater control over the canal to safeguard its economic and security interests. The Panama Canal remains a crucial global trade route, and with toll fees sometimes exceeding $500,000 per vessel, control over the canal has significant financial and geopolitical implications.

Panama’s decision to step back from the Belt and Road Initiative will likely have lasting consequences for its economic relationships. While China has been a key investor in the country, its withdrawal from the agreement may pave the way for increased U.S. engagement and investment in Panamanian infrastructure. Moving forward, the Panamanian government will need to balance its economic interests with diplomatic pressures from both global powers. This shift could redefine Panama’s role in international trade and politics, particularly concerning its management of the vital canal. READ MORE BELOW

al

Related Posts

Unseen Image of Kenny Rogers’ Twin Sons at 21 Goes Viral

A newly shared photo of Kenny Rogers’ twin sons, Justin and Jordan, has stirred heartfelt reactions online. The image, posted on Instagram to celebrate their 21st birthday,…

BREAKING: Texas Flood Crisis Just Took a Darker Turn…

The full scale of Texas’ catastrophic flash flooding continues to unfold in heartbreaking detail. On Tuesday, Governor Greg Abbott confirmed that the number of people reported missing…

4 Things You Must Never Say at a Funeral

Funerals are severely emotional events teeming with grief, meditation, and remembrance. In these moments, the words we say deliver significant weight. Even with good intentions, some remarks…

World Series Champ & All-Star Baseball Player Passed Away At 44

Bobby Jenks, a former All-Star closer and key figure in the Chicago White Sox’s 2005 World Series victory, has d**d at the age of 44, the team…

His wife and daughter thought he was a saint but when… See more

To his family, he was the perfect man — a loving husband, a devoted father, and the rock of their home. His daughter looked up to him…

She was just a little angel, but she never imagined that her uncle…See More

She was full of innocence, laughter, and light — the kind of little girl who made everyone smile just by being in the room. Her family adored…

Leave a Reply

Your email address will not be published. Required fields are marked *

Ads Blocker Image Powered by Code Help Pro

Ads Blocker Detected!!!

We have detected that you are using extensions to block ads. Please support us by disabling these ads blocker.

Powered By
Best Wordpress Adblock Detecting Plugin | CHP Adblock