Why the Panama Canal is a big, long-term prize in Trump's global trade war
Publishing timestamp: 2025-05-04 09:30:22
Summary
President Trump's tariffs on China are impacting manufacturing orders and freight vessel sailings from China, which is a headwind for the Panama Canal. The canal is facing potential business slump due to the trade war, with a decrease in containers and vessels impacting revenue. There is controversy surrounding the canal's control, with Trump claiming China has too much influence. The canal's revenue hit $3.38 billion last year, but uncertainty remains due to the trade war.
Sentiment: MIXED
Keywords: u.s. economy, business news, world economy, ch robinson worldwide inc, panama, shipping, logistical and moving services, malaysia, transportation and shipping, transportation, vietnam, united states, foreign policy, j.b. hunt transport services inc, donald trump, india, china, trade, video first, breaking news: business,
Source: https://www.cnbc.com/2025/05/04/trump-global-trade-war-panama-canal-business.html