To ease the ongoing pressure from Trump regarding the Panama Canal, which is said to have Chinese influence, the Panamanian government is currently in talks to cancel the contract with the company owned by billionaire Li Ka-Shing, Hutchison Ports PPC.
Hutchison operates two major ports near the canal, whose contract was first signed in 1997 and extended until 2047.
The agreement has been criticized by lawyers because the agreement gives the company tax breaks and gives up too much land, violating the country's constitution.
Panama has launched an investigation into Hutchison Ports PPC after the United States (US) government warned that China could use the port for military purposes.
The Panama Canal was completed by the US but returned to Panama and became an important shipping route, the Panamanian government has generated about $5 billion annually from this canal.
