The Latest: Secretary of State Marco Rubio plans to visit Panama amidst President Trump's recent talks of reclaiming the Panama Canal and buying Greenland from Denmark. The administration points to China's expanding influence and the importance of Arctic shipping routes as primary reasons for these actions.
Why It Matters: This shift in policy could have a profound effect on global trade, as 40% of US container traffic transits through the Panama Canal and Arctic shipping routes are gaining significance due to melting ice. The rejection of these territorial ambitions by allies is fueling international tensions.