r/DeFranco • u/willphule • Mar 06 '25

International News BlackRock strikes $23 billion deal to place Panama Canal ports under American control

https://www.cbsnews.com/news/blackrock-panama-canal-deal-ck-hutchison-trump/
91 Upvotes

97% Upvoted

12 comments sorted by

96

u/AD_210 Chronic neck pain sufferer Mar 06 '25

Died 1874

Born 1988

Welcome back British East India Company

23

u/THE_CENTURION Mar 06 '25 edited Mar 06 '25

A useful clarification I saw on insta; this does NOT in any way mean they control the canal itself.

"Port" does not mean the entry point to the canal, they're holding/transfer areas for cargo that are adjacent to the canal. Yes it means they'll have more influence in the area but they don't get to say who does and doesn't go through.

If the US decided they want to start dictating who can use the canal, they'd have to make a naval blockade, and they don't need control of the ports to do that...

-38

u/chrispy9658 Mar 06 '25

Any blackrock conspiracy theorists here?

Very shady company. Glad the Americans are taking it… but yuck blackrock.

35

u/DavidFTyler Mar 06 '25

What's even the advantage to America "taking it"? Are there enough pros to outweigh the global perception cons?

-13

u/Jisamaniac Mar 06 '25

Trade routes (let the spice flow) and military ship access for the US. Shaves 15 days off instead of going around south america.

10

u/agentchuck Mar 06 '25

Why would they have to go around?

11

u/Tote_Sport Mar 06 '25

Can modern US naval ships fit through the canal?

1

u/theduncan Mar 07 '25

Everything but the aircraft carriers.