BlackRock Buying Panama Canal Ports for $22.8B

BlackRock Buying Panama Canal Ports for $22.8 Billion

BlackRock Buying Panama Canal Ports for $22.8B

After President Donald Trump sharply criticized China’s influence over the Panama Canal, a BlackRock-led investment group reportedly will buy majority stakes in ports on both sides of the canal for $22.8 billion.

The deal would provide U.S.-based private investment on traffic in the canal, as BlackRock takes over majority ownership from Hong Kong-based CK Hutchison, The Wall Street Journal reported Tuesday.

“China is operating the Panama Canal, and we didn’t give it to China,” Trump said in his inaugural address Jan. 20, noting that former Democrat President Jimmy Carter gave the U.S.-built canal to Panama in a 1977 treaty.

Read more at Newsmax© 2025 Newsmax. All rights reserved.

Blogs

Painting with a Purpose! (with McLain’s Painting Service)

Painting with a Purpose! (with McLain’s Painting Service)

Nominate your favorite Non-profit organization to get a fresh coat of paint up to $10,000 provided by Sherwin Williams! Nominations for Painting With A Purpose 2025 open on April 28th, 2025 and ends the first week of June. The winner will be announced in July.

Blount Memorial Downtown Dash for Breast Cancer- May 10th

Blount Memorial Downtown Dash for Breast Cancer- May 10th

Join Blount Memorial Saturday, May 10 as they host their Inaugural Downtown Dash for Breast Cancer to honor breast cancer survivors, remember those who have fought the battle, and raise money to expand access to life-saving breast cancer screening and diagnostic services right here in Blount County! Gather for this event at Blount Memorial Health Center at Springbrook – 220 Associates Blvd. Alcoa, TN.

There is no custom code to display.

Headlines