The deal comes after U.S. President Donald Trump repeatedly threatened to take control of the Panama Canal and end what he sees as China’s influence over the waterway critical to global trade.

BEIJING -- CK Hutchison, the Hong Kong-based conglomerate owned by tycoon Li Ka-shing's family, has agreed to sell port assets including those at the Panama Canal, where U.S. President Donald Trump objected to what he described as Chinese control.