Beijing’s scrutiny of Panama ports deal. Hong Kong firm CK Hutchison Holdings is expected to miss an April 2 target for selling two ports on the Panama Canal amid a review of the sale by Beijing, unnamed sources told Bloomberg. The planned sale to a consortium led by U.S. firm BlackRock was announced after U.S. President Donald Trump made threats to take control of the canal and criticized Chinese activity there. It is unusual for a Chinese government agency to review an agreement by a Hong Kong-based firm, the Financial Times reported.
TSMC’s domestic expansion. Taiwan Semiconductor Manufacturing Company has opened a new more than $45 billion chip fabrication plant in the southern city of Kaohsiung. Taiwan’s premier said the company would balance its overseas expansion with new domestic investments. It is slated to start production on cutting-edge two-nanometer chips in Taiwan in the second half of this year, while it will only begin production of the same technology at its Arizona plant in around two to three years.
U.S. trade barriers report. Observers are scouring the U.S. Trade Representative’s annual report on foreign trade barriers for clues on which economic practices could be penalized by Trump's reciprocal tariffs, which are due to be announced tomorrow. The barriers listed include digital services taxes, carbon border taxes, and restrictions on transferring data outside of the country, similarly to last year’s report.
More U.S. deportations to El Salvador. The United States transferred seventeen alleged members of crime groups Tren de Aragua and MS-13 to El Salvador, Secretary of State Marco Rubio said yesterday. A State Department spokesperson declined to say what legal authority was used for the transfers. Families and attorneys of some Venezuelans previously sent to El Salvador have contested claims that they were Tren de Aragua members; court papers show that some were accused of gang membership based on factors such as having tattoos.
Chinese drills around Taiwan. China’s military began large-scale drills in the waters and air around Taiwan today in what a military spokesperson called a “severe warning and forceful containment against Taiwan independence.” The previously unannounced drills follow a weekend visit to the region by U.S. Secretary of Defense Pete Hegseth. Taiwan’s presidential office said China’s “blatant military provocations not only threaten peace in the Taiwan Strait but also undermine security in the whole region.”
Le Pen’s conviction fallout. French far-right politician Marine Le Pen pledged to appeal yesterday’s embezzlement conviction, which blocks her from running in a 2027 presidential election. Foreign officials including Italian far-right Deputy Prime Minister Matteo Salvini and Hungarian Prime Minister Viktor Orbán as well as spokespeople for Russian President Vladimir Putin and the U.S. State Department criticized the ruling. This morning, the leader of her party called for demonstrations against the verdict.
Police response to Zimbabwe protests. Few Zimbabweans attended planned protests against President Emmerson Mnangagwa today after police deployed heavily in the capital, Harare, and other cities. The ruling ZANU-PF party said in January it hoped to extend Mnangagwa’s time in office by two years until 2030. But as the country experiences economic strains, some in his party have called for him to step down.
NATO patrols in the Baltic Sea. No new cases of suspected sabotage of undersea cables in the Baltic Sea have been reported since a NATO monitoring mission began in January. The mission began its work after three such cases were reported in the past year and half. It features surveillance planes and forces from France, the United Kingdom, and United States as well as NATO’s Baltic members.