Bank Street Journal
  • Business
  • Politics
  • World
  • Investing
  • Business
  • Politics
  • World
  • Investing
No Result
View All Result
Bank Street Journal
No Result
View All Result
Home Politics

Sec Hegseth to visit Panama after Trump’s demands for canal’s return

April 5, 2025
in Politics
Sec Hegseth to visit Panama after Trump’s demands for canal’s return
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Defense Secretary Pete Hegseth is slated to meet with Panama leaders next week amid President Donald Trump’s continued efforts to regain control of the key strategic and military resource. 

The Trump administration has been outspoken about national security threats presented by alleged Chinese interference.

During a February visit to the country, Secretary of State Marco Rubio wrote in an X post that ‘the United States cannot, and will not, allow the Chinese Communist Party to continue with its effective and growing control over the Panama Canal area.’ 

Chief Pentagon spokesman Sean Parnell confirmed on Friday the secretary of defense will attend the 2025 Central American Security Conference, participating in discussions that will ‘drive ongoing efforts to strengthen the U.S.’s partnerships with Panama and other Central American nations,’ according to a report from the Associated Press.

The president, who has criticized the six-figure premiums imposed on U.S. ships traveling along the vital waterway, previously suggested repurchasing the canal.

It was built by the U.S. over the span of multiple decades, but was eventually handed over to Panama during the Carter administration.

The ‘Panama Canal Repurchase Act,’ a bill that was recently introduced in Congress, would give Trump the authority to negotiate with appropriate Panamanian government officials to reacquire the Panama Canal.

Panama President José Raúl Mulino previously said China does not have influence over the canal and accused Trump of ‘lying’ about potentially acquiring it, according to the AP.

BlackRock, Inc. later announced a $23 billion deal with Hong Kong-based CK Hutchinson to take ownership of the Panamanian ports of Cristobal and Balboa, along with 43 ports in 23 other countries, Fox News Digital previously reported.

The canal could be used as leverage for China in U.S. tariff negotiations.

Hegseth will also visit Eglin Air Force Base in Florida to meet with military members and leadership at the 7th Special Forces Group, according to the AP.

Fox News’ Morgan Phillips contributed to this report.

This post appeared first on FOX NEWS

Previous Post

Senate GOP pushes Trump budget framework through after marathon vote series

Next Post

Senate kicks off all-night ‘vote-a-rama’ as Democrats plan to press GOP on Trump, DOGE

Next Post
Senate kicks off all-night ‘vote-a-rama’ as Democrats plan to press GOP on Trump, DOGE

Senate kicks off all-night ‘vote-a-rama’ as Democrats plan to press GOP on Trump, DOGE

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    India and Pakistan agree to a ceasefire, but will it hold? Here’s what to know

    India and Pakistan agree to a ceasefire, but will it hold? Here’s what to know

    May 11, 2025
    Ukraine ceasefire call aimed at forcing Putin to reveal his war goals to Trump

    Ukraine ceasefire call aimed at forcing Putin to reveal his war goals to Trump

    May 11, 2025
    US ‘not genuine’ in talks over Tehran’s nuclear program, Iranian official says

    US ‘not genuine’ in talks over Tehran’s nuclear program, Iranian official says

    May 11, 2025
    Putin says Russia is ready for direct talks with Ukraine

    Putin says Russia is ready for direct talks with Ukraine

    May 11, 2025
    Disclaimer: bankstreetjournal.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Popular

    Iran tight-lipped on cause of deadly port explosion amid reports of possible presence of chemicals used to fuel missiles

    Iran tight-lipped on cause of deadly port explosion amid reports of possible presence of chemicals used to fuel missiles

    April 28, 2025

    Athena Gold Upsizes Flow-Through Private Placement, Announces Concurrent Hard Dollar Unit Offering

    Athena Gold Upsizes Flow-Through Private Placement, Announces Concurrent Hard Dollar Unit Offering

    April 22, 2025

    Recent News

    India and Pakistan agree to a ceasefire, but will it hold? Here’s what to know

    India and Pakistan agree to a ceasefire, but will it hold? Here’s what to know

    May 11, 2025
    Ukraine ceasefire call aimed at forcing Putin to reveal his war goals to Trump

    Ukraine ceasefire call aimed at forcing Putin to reveal his war goals to Trump

    May 11, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 BankStreetJournal.com | All Rights Reserved

    No Result
    View All Result
    • Business
    • Politics
    • World
    • Investing

    Copyright © 2024 BankStreetJournal.com | All Rights Reserved