Recently, trade wars have taken on a new dimension, especially in Panama. BlackRock's acquisition of ports owned by Hong Kong-based CK Hutchison has drawn strong reactions from China.

The pro-government newspaper Ta Kung Pao described this situation as "spineless and greedy behavior," urging CK Hutchison to halt the sale.

Following these developments, CK Hutchison's shares dropped by 20% on Friday. Analysts suggest that this decline stems from concerns about whether the deal will go through.

It is claimed that BlackRock's CEO, Larry Fink, met with US President Donald Trump regarding this acquisition. If the sale goes through, BlackRock will control many strategic ports, including those in Panama.

CK Hutchison is a Hong Kong-based company that operates in various sectors, including ports, retail, and telecommunications. However, such a decision has greatly angered the Chinese government.