Sen. Ted Cruz calls Panama 'a bad actor' as committee examines national security risks for canal
Tuesday of violating the treaty giving the Central American nation control over the vital Panama Canal shipping lane — saying the country had waved through illicit transfers of crude oil by Iran and exposed itself to dangerous Chinese influence.
Trump pauses federal loans and grants, putting trillions at risk: 'Preposterous waste of taxpayer dollars' Testifying before the committee, Federal Maritime Commission Chairman Louis Sola said more than 75% of the canal’s traffic is “bound for our ports,” callingNow, the committee is exploring whether Panama has kept to that commitment — especially now that Beijing’s influence poses the “danger of China exploiting or blocking passage through the canal,” Cruz said.
“Chinese companies have been able to pursue billions of dollars and development contracts in Panama, many of which were projects directly on or adjacent to the Panama Canal,” he said. “Many were no-bid contracts, labor laws were waived, and the Panama and Panamanian people are still waiting to see how they’ve been benefited.
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