President Donald Trump celebrated the return of the Panama Canal to U.S. control during his State of the Union speech last week, but failed to mention that the company taking over the canal is BlackRock, known for pushing far-left agendas and partnering with the World Economic Forum (WEF).

“Just today a large American company announced they are buying both ports around the Panama Canal, and lots of other things having to do with the Panama Canal,” said President Trump during his Tuesday address to Congress.

Trump has made clear on multiple occasions that it is one of his goals to return the Panama Canal to U.S. control, arguing that it should never have been given away in the first place, and expressing concern over increasing Chinese influence over the American-made canal.

BlackRock, the world’s largest asset manager, managing $11.6 trillion worth of assets—larger than the GDP of every country except China and the U.S.—announced a $22.8 billion deal to purchase two major ports on the Panama Canal from the Hong Kong-based CK Hutchison Holdings.

According to the Financial Times, BlackRock, along with Global Infrastructure Partners and Terminal Investment Limited, will acquire a 90 percent stake in the subsidiary of Hutchison Holdings responsible for the canals, the Panama Ports Company.

The massive deal does not just give BlackRock control of the Panama Canal ports. The deal also includes an 80 percent stake in the entirety of Hutchison Port Holdings, the subsidiary that controls 43 ports in 23 countries.

The Financial Times cited unnamed sources familiar with the matter who claimed that BlackRock CEO Larry Fink briefed Trump on the deal and secured his approval before it was formalized.

While the deal may remove Chinese influence over the canal and replace it with an American company, it further increases BlackRock’s control over global assets.

Many conservatives and members of the MAGA movement consider BlackRock to be a far-left force in favor of the WEF’s agenda, encapsulated in now-infamous quote “You’ll own nothing, and you’ll be happy.” The company is listed as a partner of the WEF.

The firm has recently shifted away from their radical Diversity, Equity, and Inclusion (DEI) policies, as Trump’s victory suggested that Americans are tired of race, sex, and sexual orientation-based hiring practices and messaging. Despite this recent shift, BlackRock has long been a proponent of radical DEI and left-wing climate goals, and has worked to pressure other companies to adhere to those principles.

“You have to force behaviors, and at BlackRock we are forcing behaviors,” said Fink in 2017, “54% of the incoming class [at BlackRock] are women. We added four more points in terms of diverse employment this year.”

The company has historically used Environmental, Social, and Governance (ESG) standards for investing, which prioritize investments based on factors like diversity and climate goals rather than profits, to force compliance with their agenda.

In 2023, an undercover journalist with the O’Keefe Media Group caught a BlackRock recruiter on camera who claims that BlackRock controls American politics from the shadows and profits off of the ongoing war in Ukraine.

“You can take this big fuckton of money and buy people, I work for a company called Black Rock… It’s not who is the president it’s who is controlling the wallet of the president,” said BlackRock Recruiter Serge Varlay

“You could buy your candidates. First, there is the senators [sic] these guys are fuckin cheap. Got 10 grand you can buy a senator. I’ll give you 500k right now. It doesn’t matter who wins, they’re in my pocket,” he added.

The recruiter claimed that the massive corporation was able to “run the world” with anonymity because “normal people don’t give a s*&t” about their activities.