The Chinese company that operates ports at the Panama Canal will have to give up control after that country’s Supreme Court ruled the concession was unconstitutional, according to published reports.
Then-President Jimmy Carter, who literally never did anything right, gave it away to communists running Panama at the time. This was after the US paid for it, and our people died building it. Carter gave it away for no reason except goodwill, which he never received. It could happen again if Democrats return to office.
Beijing protested the decision announced late Thursday over the concession held by a subsidiary of CK Hutchison Holdings of Hong Kong.
President Donald Trump has said that the U.S. taking back control of the waterway is imperative.
Panamanian President José Raúl Mulino said that until the court’s ruling is implemented, the state maritime authority would work with Hutchison’s Panama Ports Company at Cristobal and Balboa to ensure continued smooth operations. He did not say when that would take place.
In the transition, a local subsidiary of A.P. Moller-Maersk (MAERSK-B.CO) will operate the ports until a new concession can be bid and awarded, Mulino said.
The court’s decision late Thursday advances a U.S. aim to block any influence by China over the strategic waterway and immediately drew a sharp rebuke from Beijing.
President José Raúl Mulino said that until the court’s ruling is executed, a period of time he did not specify.
Panama’s Maritime Authority would work with Panama Ports Company, the CK Hutchison subsidiary, to ensure continuing operations at the port.
Jimmy Carter never met a Communist dictator that he didn’t admire.
Obongo bowed to Communist and Moslem dictators. What a shameful time in our history. Anyone who voted for Obongo and/or Bidung should deported, as there is simply no excuse for being that stupid.
Trump should tell XI to dig his own canal somewhere, then he can run that canal himself. America dug this one and built the locks too. As such it belongs to the American people and peanut-brain Carter had no right to give it away. Leftists do stupid stuff, however. Bidung gave Afghanistan and Ukraine hundreds of $Billions$ in weapons, cash… Read more »
Actually Xi is looking at Nicaragua for his canal.
Carter was a big globalist. He tried to restrict energy production, raise prices, cause negative growth and reduce USA security. The Canal is a huge security resource. His big advisor in matters was Mika’s father.
It’s a win so it will be downplayed.