00:00Panama has officially terminated contracts that allowed a Hong Kong-based company to operate the two ports along the Panama
00:07Canal.
00:07This follows a Supreme Court ruling in January that unloved the contracts.
00:12The ports have been operated by a subsidiary of Hong Kong's C.K. Hutchison since the 1990s.
00:18It was said to keep doing so until 2047, but a U.S.-China rivalry, including conflicts over the Panama Canal,
00:25has complicated the situation.
00:27U.S. President Donald Trump has vowed to bring back U.S. control of the canal, and Beijing has previously
00:33warned of a heavy price if the contracts were ended.
Comments