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Apr 2025

19m 51s

The Billionaire Caught Between Trump and...

THE WALL STREET JOURNAL & GIMLET

About this episode

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:

- China Unleashes a Trade War Arsenal

- The Trade War With China Is On

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