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Panama Canal ports sold to BlackRock in victory for Trump

  • A consortium led by BlackRock is acquiring two key ports in the Panama Canal for nearly $23 billion, responding to concerns about Chinese influence over the area.
  • BlackRock's acquisition includes majority stakes in the ports of Balboa and Cristobal, shifting control into American hands.
  • Panama has exited China’s Belt and Road Initiative, marking the first Latin American exit from the program, as stated by President José Raúl Mulino.
  • President Donald Trump has expressed concern about the Panama Canal falling under Chinese control and highlighted its strategic importance to U.S. economic security.
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U.S. News broke the news in New York, United States on Tuesday, March 4, 2025.
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