Maybe I'm some sort of rightwing fanatic, or a conspiracist, but something about this headline seems off.
Yes, China has been in control of these ports for a while now. And Trump definitely wanted to take back control from China. But for them to sell to BlackRock?
BlackRock has agreed to buy two major ports on the Panama Canal from their Hong Kong-based owner as part of a $22.8bn deal, following pressure from Donald Trump over alleged Chinese influence at the vital waterway.
...
Trump's election victory in November and his calls for the US to retake control of the canal prompted CK Hutchison to consider the sale, sparking a short and intense period of negotiations for the ports, according to people briefed on the discussions.
So Larry Fink and BlackRock, known for pushing ESG (corporate social credit ratings that measure commitments to leftwing causes involving the Environment, Social justice, and corporate Governance), is now working for Trump and helping to secure American interests?
While it's tough to trust BlackRock, it's good to see them respond to incentives from Trump's White House.
To navigate the potential political fallout, BlackRock chief executive Larry Fink briefed senior leaders in the Trump administration, including the president, to secure their backing for the takeover, two people briefed on the matter said. One of the people added that the consortium would not have gone forward with its bid if they believed the US government would not support the deal.
We'll see if this works in America's favor. 😬
P.S. Now check out our latest video 👇
