The Billionaire Caught Between Trump and China
from The Journal.
by The Wall Street Journal & Gimlet
Published: Tue Apr 15 2025
Show Notes
The Hong Kong-based company CK Hutchinson, led by billionaire Li Ka-shing, recently announced a deal to sell majority stakes in two ports on the Panama Canal. The deal with a consortium of investors led by BlackRock pleased President Donald Trump, after he had expressed interest in regaining control over the canal. But, as WSJ’s Rebecca Feng reports, the $22.8 billion deal also angered Chinese leader Xi Jinping, who saw the ports as a bargaining chip with the United States. Allison Pohle hosts.
Further Listening:
- ChinaUnleashes a Trade War Arsenal
- TheTrade War With China Is On
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