Panama is inching closer to China, Trump's new Federal Maritime Commission head Louis Sola tells CNBC, and 'all options on the table' to defend U.S. business.

Newly inaugurated U.S. President Donald Trump is pushing to "take back" the Panama Canal, the world's second busiest interoceanic waterway.

The head of the Federal Maritime Commission will tell a U.S. Senate committee that the United States has options to address the growing presence of China and Chinese firms in Panama.