The article discusses President Trump's assertions about the Panama Canal, alleging Chinese influence without evidence. A consortium led by BlackRock is set to take control of two crucial ports in the canal region, as part of a $23 billion deal. Trump views this as a significant foreign policy success, claiming he's addressing perceived Chinese dominance. Meanwhile, prominent Republican figures, such as Senator Ted Cruz and Secretary of State Marco Rubio, have voiced concerns about China's position in Panama, alongside hints of increased US involvement in the region's geopolitical dynamics.
Trump hailed the transaction during a speech to Congress on Tuesday. "My administration will be reclaiming the Panama Canal, and we've already started doing it," he told politicians.
Without giving evidence, Republican Senator Ted Cruz said in January that the Panama ports run by CK Hutchison Holding, a Hong Kong-based conglomerate, "give China ready observation posts".
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