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The deal covers 43 of CK Hutchison’s ports, including two in the strategic Panama Canal. 

The Panama Canal is planning to enter the ports business with a tender for two terminals, a move that comes amid a high-profile clash between the U.S. and China over the waterway.

A Hong Kong conglomerate that had agreed to sell its two ports at the Panama Canal said it may seek a Chinese investor to join a consortium of buyers, which could bring more U.S. scrutiny to the deal.

Pete Hegseth's visit comes amid tensions over President Trump’s assertions that the U.S. is being overcharged to use the Panama Canal and that China has influence over its operations.

Panama’s top auditor accused port operator CK Hutchison of wrongdoing, providing a potential path for the  country to wrest control of canal facilities caught in a U.S.-China tug-of-war.

A.P. Moller-Maersk purchased a railway linking ports at both ends of the Panama Canal, undermining the U.S.'s presence along a trade route where Donald Trump is trying to elbow out competitors.

Billionaire Li Ka-shing reportedly won’t go ahead with the expected signing next week of a controversial deal to sell his Panama Canal ports to a consortium including BlackRock.

HONG KONG — Hong Kong’s leader has waded into a controversy over a prominent conglomerate’s decision to sell its Panama Canal port assets to a consortium including American investment bank BlackRock, a deal that has angered Beijing.

 CK Hutchison has agreed to sell shares of its units that operate the ports near the Panama Canal to a consortium including BlackRock.

Panama President Jose Raul Mulino denied that his government had granted free passage for U.S. government ships through the Panama Canal.