Senate hearing on Panama Canal: China’s grip has been around for a while

Competition with China was front and center at a Senate hearing on the Panama Canal.

The Chair of the Federal Maritime Commission told lawmakers China’s grip has been around for some time.

“It’s a problem that has been going on for 20 years, which makes it very difficult to answer your question. It is a long answer. This is not a problem that occurred last week. This is not something that President Trump identified, this was going on all President Biden’s term, but of all of President Trump’s first term. It has been going on for decades and decades through both U.S. Republicans and Democrats as President. The only thing I can say is I echo was Ranking Member Cantell said, and I think others of both parties have echoed it, that we need some sort of overall maritime strategy. We have to acknowledge that this is part of our national security,” said Daniel B. Maffei.

During the hearing, Texas Senator Ted Cruz emphasized that China’s influence on the Canal is a national security risk. They also discussed shipping fees and ways to minimize the impact on American businesses.

Related Stories
USMEF President and CEO Dan Halstrom joins us to discuss China’s renewed access for U.S. beef facilities, the outlook for exports, and key conversations taking place at this week’s Spring Conference.
Strong rail and ocean demand support grain movement, but weak barge traffic and high diesel costs keep freight pressure elevated.
Corn exports remained active the week of May 7, but weak soybean, cotton, and sorghum sales kept attention on China and late-year demand.
USDA officials are increasing surveillance and sterile fly dispersal efforts as New World screwworm cases continue growing in Mexico near the Texas border.
Jenna Stanton with the United States Cattlemen’s Association joins us to discuss beef import concerns, cattle market signals, and the latest developments surrounding U.S. beef trade.
RealAg Radio Host Shaun Haney joins us to discuss the latest U.S.-China ag trade agreements, market reaction, and what producers should watch moving forward.

LATEST STORIES BY THIS AUTHOR:

The new antitrust agreement between the Department of Justice (DOJ) and the U.S. Department of Agriculture (USDA) aims to enforce antitrust laws and monitor market activity across the ag sector.
President Donald Trump says a deal is nearly done on lowering beef prices, but he has not released details.
Large carryover stocks continue to put pressure on commodity prices, creating uncertainty for growers looking to market their grain.
Farm CPA Paul Neiffer outlines how producers should navigate evolving Farm Bill provisions and prepare their operations for the next crop year.
Peel says Mexico has a much greater capability to expand its beef industry than it did 20 or 30 years ago in terms of its feeding and packing infrastructure.