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China's Out: American Company Taking Control of Panama Canal Ports

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President Trump can probably chalk this up as a win: The American asset manager BlackRock, according to an announcement made on Tuesday, will be purchasing two key Panama Canal ports from a Hong Kong-based Chinese firm. The possession of these ports by a Chinese concern has, according to President Trump, represented a strategic threat to American shipping as well as to the movement of naval vessels.

 

The ports in question are Balboa and Cristobal.

 

The Panama Canal has vast strategic importance for pretty much every nation on the planet. An enormous amount of shipping passes through the canal every year, not to mention military traffic. Since the canal was built by the United States at an enormous cost, President Trump has been advocating the complete return of the canal to American control. It's not at all clear if that will happen, but at least these two key ports will no longer be in direct Chinese control.

 

https://redstate.com/wardclark/2025/03/04/chinas-out-american-company-taking-control-of-panama-canal-ports-n2186268

 

 

 

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