The United States is encouraged by the recent Panamanian Supreme Court's decision ruling that port concessions to China are unconstitutional, U.S. Secretary of State Marco Rubio said in a post on X on Friday.
Panama's Supreme Court has annulled key port contracts held by a subsidiary of Hong Kong-based CK Hutchison HKEX:1, leaving the future ownership of some Panama Canal operations unclear and possibly upsetting its plans to sell some terminals.