The Central American nation has become an unlikely focal point in the growing rivalry between the US and China, ever since Donald Trump last year targeted its most revered national symbol: the Panama Canal.
"Trump’s unexpected pledge to reclaim the iconic waterway for the US, mentioning Panama six times during his address to Congress in March, sent shockwaves through this nation of 4.5 million, a longtime American ally and a vital hub of global trade.
"But almost seven months into Trump 2.0, a different picture is emerging: The attention from competing superpowers, as uncomfortable as it may be, could prove to be a blessing. In fact, the picture that emerged from my discussions with more than a dozen Panama-watchers, policymakers and business leaders during a recent trip was clear and compelling: If Panama can seize the moment, it has the chance to reinforce the canal’s strategic role, attract fresh foreign investment and overhaul its increasingly creaky economic model."
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