Larry Fink, the CEO of BlackRock, led a deal to take over control of two crucial ports in the Panama Canal, which pleased President Trump but has angered Chinese leader Xi Jinping. The Chinese government is reportedly upset about the $22.8 billion transaction, as the ports, previously owned by CK Hutchison, were not pre-approved by Chinese authorities. These ports were intended to be a bargaining chip in negotiations with the US. Concerns have been raised about potential restrictions on Chinese ships in the canal and accusations of putting profit over national interests. Despite being a significant win for Fink, the deal faces challenges as Chinese authorities are evaluating it for security and antitrust issues. The completion of the transaction, which still requires regulatory approval, is anticipated by April. If the deal falls through, BlackRock's stock price may suffer, impacting the credibility of their infrastructure unit.