Defense Secretary Pete Hegseth breaks down recent arrangements around the Panama Canal and addresses rising temperatures in relations with China on "The Will Cain Show."

Panama Canal Authority Administrator Ricaurte Vasquez, left, U.S. Defense Secretary Pete Hegseth, center, and Southcom Commander Navy Adm. Alvin Holsey pose for a photo during a tour of the Panama Canal’s Miraflores Locks,

Defense Secretary Pete Hegseth said the Panama Canal faces "ongoing threats" as he singled out China during a visit to the key trade route on Tuesday. The big picture: Hegseth's comments following a meeting with Panama President José Raúl Mulino that the U.