President Trump's assertion that China controls the Panama Canal has thrust Hong Kong tycoon Li Ka-shing and his conglomerate, CK Hutchison Holdings, into the spotlight. CK Hutchison, through its subsidiary Hutchison Ports, has managed key ports along the canal since 1997, handling a significant share of its cargo. This situation raises crucial questions about Beijing's influence over Hong Kong and the potential implications for American trade interests, as the Trump administration suggests China could leverage this connection to restrict U.S. access to the canal's ports.
One of its subsidiaries, Hutchison Ports, has been involved in the Panama Canal since 1997, and its ports served 39 percent of container traffic last year.
The Trump administration argues that China could use its influence over a Hong Kong company to force Panama to restrict American trade in the port.
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