The possibility that the United States proceeds with sanctions against the Republic of Panama in case of rejecting Donald Trump's claims to take the Panama Canal could have devastating effects on the national economy, especially in key sectors such as trade and banking. Economist Rolando Gordón detailed the possible implications of this situation and the scenarios that Panama would face if no agreement is reached.
According to Gordón, the country's economy could face serious consequences if no understanding is reached. "We are talking about sanctions that could affect the financial stability of Panama and limit its capacity to operate in international markets," he explained. Furthermore, the dependence on the international financial system and the possibility of restrictions on transactions and financing in dollars could directly impact Panamanian companies and citizens.
Another point of concern is the possible impact on the Panama Canal, one of the main sources of income for the country. Restrictions on access to transactions and financing in dollars, as a result of possible U.S. sanctions, could negatively affect the Panamanian economy and jeopardize the confidence of foreign investors.
Additionally, there is concern over the growing narrative in U.S. media about China's influence in Panama, which in the event of trade sanctions by the United States could have severe repercussions on trade, financial stability, and the country's development.
Amid this situation, the Panamanian government is seeking a solution through diplomacy, while it is expected that in April the U.S. Secretary of Defense will visit Panama to discuss security issues and possible agreements that mitigate the crisis. In the National Assembly, the debate on Panama's response to possible sanctions is ongoing.
The coming weeks will be key for the economic and political future of Panama, with increasing pressure in the National Assembly and the visit of the U.S. Secretary of Defense on the horizon. There is uncertainty among business owners, workers, and citizens about how this crisis will be resolved without compromising the country's sovereignty.
For his part, Rolando Gordón emphasized the importance of acting cautiously and negotiating intelligently to avoid a severe impact on the Panamanian economy. The United States has suggested that it will tighten its trade policies if certain conditions are not met, which could affect the transit of goods, reduce canal revenues, and hit the national economy. Additionally, the banking stability of the country could also be affected, adding an element of concern in this delicate scenario.
