The Ghost of Jimmy Carter Comes Back to Haunt America: China Blocks Panama Canal Sale to Blackrock — Setting Up Major Confrontation with President Trump

Panama Canal / Screenshot

Earlier this month, BlackRock Inc. secured control over key ports near the Panama Canal, stripping away Chinese-linked influence over one of the world’s most crucial shipping routes.

The $23 billion deal, which includes $5 billion in debt, will effectively place the strategic ports under American control — a move long advocated by President Donald Trump and national security hawks concerned about China’s grip on global infrastructure.

The transaction, announced Tuesday...