{"id":26560,"date":"2019-07-16T10:32:06","date_gmt":"2019-07-16T15:32:06","guid":{"rendered":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=26560"},"modified":"2019-07-16T10:32:06","modified_gmt":"2019-07-16T15:32:06","slug":"trump-china-trade-tensions-hit-panama-canal-revenues","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/trump-china-trade-tensions-hit-panama-canal-revenues\/","title":{"rendered":"Trump-China Trade Tensions Hit Panama Canal Revenues"},"content":{"rendered":"

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Michael McDonald writes in Bloomberg of the costs to Panama.<\/p>\n

The trade tension between the U.S. and China is making waves at the Panama Canal.<\/p>\n

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Cargo from the U.S. to China going through the key waterway has slumped this year as the Asian giant cuts its imports of American food and fuel, according to Panama Canal Authority CEO Jorge Luis Quijano<\/a>.<\/p>\n

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Amid the dispute, Japan has displaced China as the canal\u2019s second-largest user, while U.S. businesses remain the canal\u2019s biggest customers, he said.<\/p>\n

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U.S. President Donald Trump complained this week that China hasn\u2019t increased its purchases of American farm products, a promise he said he secured last month at a meeting with President Xi Jinping. China is relying more on countries such as Qatar, and Trinidad and Tobago, for gas, and Brazil for soy, according to Quijano.<\/p>\n

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\u201cThis is a bigger disadvantage to the U.S., because China just buys the same products elsewhere,\u201d Quijano said.<\/p>\n