US hails Panama high court ruling against CK Hutchison’s ports concession

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The US government is praising a recent ruling by Panama's Supreme Court that cancels a port concession contract held by a subsidiary of Hong Kong-based CK Hutchison Holdings. The contract involved operating two ports along the Panama Canal. US officials, including Secretary of State Marco Rubio, view the decision as a positive step in countering Chinese influence in the Western Hemisphere. Rubio has previously expressed concerns that Chinese control of ports on both ends of the canal could pose a threat to US interests, potentially allowing Beijing to disrupt waterway traffic. Panama's government is attempting to reassure workers and investors that trade and employment will not be negatively impacted by the ruling.
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