Why Panama channel is a big and long -term prize in Trump’s World Trade War

The Panama channel has spent in the past few years fighting the harsh weather, with the phenomenon Severe dehydration Which leads to a water level crisis. Now, it is the trade war of President Trump that threatens the World Trade Gate. A decisive passage for the movement of the registered ocean shipping container on the eastern coast, the Panama channel faces a possible decline in commercial activity as a result of Trump’s Chinese definitions and a rapid decline in Manufactured goods are requested By the trucks.

Forty percent of all parts of the American container container travel via Panama channel every year, and in everything, $ 270 billion in goods annually. The United States and China are the best users of the Panama channel, and its role in global shipping has increased in recent years due to the disruption of global supply chains. The revenues of the Panama Channel Authority amounted to $ 3.38 billion last year, despite the drought conditions, and revenues have increased every year since 2017.

The uncertainty in the trade war and the Trump tariff by 145 % on Chinese goods – which will begin to hit the goods that arrive from China to the American ports on May 27 based on four to six weeks that the ocean ships to reach the United States from Asia – has already resulted in a huge pause on American imports to China. According to Intelligence Project44 data, there has been a 300 % increase in empty sailing (canceled shipping ships) from China to the United States since the Trump tariff “Tahrir Day” was announced on April 2.

Western coast ports in the United States It is actually hit It is expected that the impact on the ports of the eastern coast will increase, with ships withdrawing as a result of a decrease in manufacturing orders for Chinese factories: translates less manufactured products into lower shipping containers for ocean companies.

For the Trade Road in Asia to North America, the East Coast, Sea-Selegence has recorded an empty cumulative capacity of 261,822 units over 20 feet (Teus.) Over the past six weeks. This decrease in containers and ships can affect the revenue of the Panama channel. Panama channel removes its money from the number of ships and containers that move across the waterway.

““For nearly 75 % of our shipment goes to the United States or from the United States, any recession around the world or in the United States will somehow affect Panama,” said Boris Moreno. Deputy Head of Operations of the Panama Channel Authority. “This is definitely.”

According to the American Society of Civil Engineers, the channel was one of the “seven wonders of the world in the modern world”, the lightning penis for controversy was in recent years in the battle for global excellence between the United States and China. Trump claimed that the main ports of the channel are controlled by China, and threatened to reaffirm the control of the United States on the channel, accusing Panama in imposing excessive prices. China, along with the Panama government, denied these claims.

Foreign Minister Marco Rubio and Defense Minister Beit Higseth has visited Panamanian government officials in recent months.

“I think that over the past five years has come to China and away from the United States, “Federal Lewishes Luis Sola He said in an interview with CNBC Earlier this year. “I have seen China and Brazil hold $ 20 billion with contracts directly. We definitely need to get a game there at least.”

Ricorte Vasquiz, director of the Panama Channel, told CNBC that with the United States being the largest economy in the world, it is reviewing Trump’s concerns.

“Everything that is said in Washington has repercussions everywhere,” Vasquiz said. “We are trying to stay cold, calm and collect.”

He added: “It is not true that we are running us.

In March, an investment group led by the American company Blackrock Try to buy two outlets at either end of the channelIn addition to about 40 others from Hong Kong Braining-Ak Hutchison. As a result The deal is still unclear.

Watch the video Above to learn more about the work of the Panama channel and why President Trump focuses on this.