BlackRock's involvement signals a shift from a Hong Kong-based company to a US-led consortium, aligning with Trump's strategy.

Most of the stakes in key ports on the Panama Canal are owned by a Hong Kong-based company and are set to be sold off after Trump announced his waterway plans.

Donald Trump has stated he wants to remake America in a bid to return it to greatness, but his critics claim his policies are in fact weakening US influence abroad

: Donald Trump vowed to take back the Panama Canal, claiming that a 1970s agreement to hand over the canal to Panama had been violated. “The Panama Canal was built by Americans for Americans,” he said.

President Donald Trump cited BlackRock's Tuesday deal to acquire Panama Canal ports as part of his administration's broader effort to "reclaim" the crucial waterway.

A group of investors led by BlackRock is to acquire the two strategic ports of Cristobal and Balboa in the Panama Canal for more than 22 billion dollars. "My administration is going to take back the Panama Canal,

Panama’s president accused Donald Trump of lying to Congress after the US leader reiterated his intention to take over the Panama Canal.Trump told lawmakers in Washington on Tuesday that Panama had broken the agreements it made when it took over the waterway a quarter-century ago.

Trump and his team are right to recognize Panama’s strategic importance, but they are wrong in how they are approaching the issue. During his inaugural address in January, President Trump proclaimed that “China is operating the Panama Canal” and promised that the United States would be “taking it back.