U.S. President Donald Trump has hailed a deal led by U.S. firm BlackRock to buy most of the $22.8 billion ports business of Hong Kong conglomerate CK Hutchison , including assets it holds along the Panama Canal.

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.

Greenland's leader says Trump's threats are fueling mistrust of U.S. Ahead of Greenland's election, its prime minister says Trump's rhetoric makes residents less inclined to accept his offer "to be a part of" the U.S. High temperatures on Monday will be roughly 15 to 25 degrees warmer than normal, topping out in the low to mid-70s for most of the Denver metro area. Ahead of Greenland's election, its prime minister says Trump's rhetoric makes residents less inclined to accept his offer "to be a part of" the U.S. As bird flu continues to spread, impacting poultry farms and the price of eggs, the Agriculture Department says it's almost doubling the amount spent to combat it. High temperatures on Monday will be roughly 15 to 25 degrees warmer than normal, topping out in the low to mid-70s for most of the Denver metro area.

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.

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,