President Trump on Tuesday celebrated increased American presence and influence over the Panama Canal, declaring in a speech to Congress that the U.S. is taking back the Panama Canal.
As The Gateway Pundit reported, BlackRock Inc. struck a $23 billion deal and secured control over key ports near the Panama Canal, stripping away Chinese-linked influence over one of the world’s most crucial shipping routes. This reportedly will effectively place the strategic ports under American control.
This comes after Secretary of State Marco Rubio traveled to Panama last month to meet with Panamanian President José Raúl Mulino and Foreign Minister Javier Martínez-Acha to discuss CCP control of the Panama Canal and fighting the border crisis.
President Trump commented on the deal, announced before his speech Tuesday, and indicated his administration will be reclaiming the entire Panama Canal.
He tasked Rubio with taking the area back.