President Donald Trump has incorrectly claimed China controls the canal (Panama controls it, although China owns ports on both sides of the crucial maritime passage). Trump has threatened to have the United States once again take control of the canal between the Atlantic and Pacific oceans.

A major deal involving two key ports in the Panama Canal zone has been put on hold as Chinese antitrust regulators investigate the transaction. The deal, led by BlackRock, the world’s largest asset manager, was expected to close next week but has now been delayed due to China’s intervention.