U.S. President Donald Trump has hailed a deal led by U.S. firm BlackRock to buy most of the $22.8 billion ports business of Hong Kong conglomerate CK Hutchison, including assets it holds along the Panama Canal.

Panama President José Raúl Mulino on Wednesday accused U.S. President Donald Trump of lying when he said in his address to Congress that his administration was “reclaiming” the Panama Canal. Trump was referencing a deal announced Tuesday for a consortium led by the U.

Panama’s president accused Donald Trump of lying to Congress after the US leader reiterated his intention to take over the Panama Canal.Trump told lawmakers in Washington on Tuesday that Panama had broken the agreements it made when it took over the waterway a quarter-century ago.