Bimco said that port fees are generally passed on in the supply chain, meaning that U.S. consumers would ultimately face higher prices.

The deal has been seen by many as a step-down in the face of a claim by President Trump that the Panama Canal was “operated by China.” 

Highlighting this milestone makes the Port Authority an outlier in an era where leaders are increasingly wary about publicly discussing diversity.

The FMC probe will assess whether a country, ocean carrier or other maritime operator are creating conditions unfavorable for U.S. shipping and foreign trade.

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The wrangle over the Canal started before Trump even took office, as a campaign promise, and has persisted since.

Chief executive Rodolphe Saadé has in recent years taken a significant portion of his quick-paced expansion spree to the U.S.

As Trump publicly complained about China’s influence over the canal, Panama’s government weighed whether to cancel its contract with CK Hutchison to operate the ports.

Trump told lawmakers in Washington on March 4 that Panama had broken the agreements it made when it took over the waterway a quarter-century ago.