Trump, China increases the pressure of the Panama Channel with the Treatment Limbo

China marked a scrutiny of the Hong Kong Li Ka-sing billionaire, the Panama ports planned for a group of BlackRock Inc., while Donald Trump sought a preferential treatment for American vessels on the water route, adding to uncertainty as to whether the blockbuster agreement will continue.

China’s market regulator said on Sunday that its CK Hutchison Holdings review, owned by Li Selling dozens of ports It would cover all the parties involved and that the agreement should not be implemented without the approval of the body.

Although the transaction only refers to CK Hutchison’s assets outside China and Hong Kong, the regulatorstatementIt is considered a statement of Beijing control over the companies based in the China region.

The US and China have wrapped up in a growing word war on the Panama channel, which manages approximately 3% of the marine world trade, and the United States and China are its two main users. Political pressure on Li is accumulating, as he tries to sell the two Panama ports, putting it in your tensions between the United States and China.

The increasing pressure of both parties highlights the business environment that is increasingly complicated than CK Hutchison and other large world companies have to navigate as commercial tensions between the two largest economies in the world increase.

Trump began to push for the United States to “recover” the water path shortly after taking office this year, and Beijing’s latest statements are following his call to “Free“Passage of North -American ships through the channels of Panama and Suez.

“These channels would not exist without the United States of America,” Trump wrote in a real social place on Saturday, saying that he had asked the Secretary of State Marco Rubio to “take care immediately.”

China, meanwhile, recently told its state companiesKeep –eIn any new collaboration with the companies linked to Li and their 96-year-old family, Bloomberg reported in March, and stepped on their plan to sell them to the Global Consortium.

Relevant companies must comply with national laws and “immediately stop the relevant transactions”, according to a Opinion column In the Pro-Beijing newspaper Ta kung pao. Otherwise, “the consequences will be very serious.”

“American Consortium Blackrock”

The agreement was first announced in March and includes 43 CK Hutchison ports aimed at 23 countries. While work on the agreement continues to continue, including due diligence checks, accounting and fiscal, CK Hutchison alreadymissingA goal to sign a definitive agreement on the Panama part of the Agreement on April 2. If completed, the transaction will clean CK Hutchison $ 19 billion in cash income.

It Wall Street Journal This month he reported that there are discussions about the separation of the two Panama ports from the $ 22.8 billion agreement to buy dozens of ports from CK Hutchison. Ta Kung Pao called it a “manipulation of public relations”.

“It doesn’t matter how the name is changed, the transaction topic has always been the American Consortium Blackrock,” the outing said.

This story originally presented to Fortune.com