ScheerPost - In his inauguration speech on January 20, the US president falsely claimed that “China is operating the [Panama] canal”, and he insisted “we’re taking it back”. In a press conference two weeks before, Trump implied that he was willing to use military force to take over the canal if Panama refused to give the United States effective control.
On March 4, an agreement was announced in which a consortium led by the Wall Street giant BlackRock, the world’s largest asset manager, would buy the ports on both sides of the Panama Canal. The Associated Press noted that this deal will be “effectively putting the ports under American control”.
In a speech to the US Congress on March 4, Donald Trump boasted: "To further enhance our national security, my administration will be
reclaiming the Panama Canal. And we’ve already started doing it.
Just today, a large American company announced they are buying both
ports around the Panama Canal, and lots of other things having to do
with the Panama Canal, and a couple of other canals."
Trump did not name the “large American company”, but it was BlackRock
— leading a consortium that includes its subsidiary Global
Infrastructure Partners. BlackRock is the world’s biggest investment company. It managed a record high of $11.6 trillion in assets in the fourth quarter of 2024.
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