Panama Port Sale by True Master of The Art of The Deal

Most of the US media have supported Donald Trump’s claim of victory in the BlackRock-led consortium’s acquisition of management of Panama’s ports, suggesting they have been taken away from China. However, the ports were never under Chinese control, and the sale was made by Hong Kong-based Li Ka-shing’s CK Hutchison, which remains the operator, not the owner. The deal includes 43 ports worldwide and a cash windfall for Hutchison, showing the opportunistic nature of the business deal amidst Trump’s nationalist rhetoric.

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