From the Liveblog of
Sunday, December 22, 2024
Trump threatens to take back control of Panama Canal over shipping fees
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Incoming US president Donald Trump on Saturday slams what he calls unfair fees for US ships passing through the Panama Canal and threatens to demand control of the waterway be returned to Washington.
He also hints at China’s growing influence around the canal, a worrying trend for American interests as US businesses depend on the channel to move goods between the Atlantic and Pacific oceans.
“Our Navy and Commerce have been treated in a very unfair and injudicious way. The fees being charged by Panama are ridiculous,” he says in a post on his Truth Social platform.
“This complete ‘rip-off’ of our Country will immediately stop.”
The Panama Canal, which was completed by the United States in 1914, was returned to the Central American country under a 1977 deal signed by Democratic president Jimmy Carter.
Panama took full control in 1999.
“It was solely for Panama to manage, not China, or anyone else,” Trump says. “We would and will NEVER let it fall into the wrong hands!”
He continues that if Panama could not ensure “the secure, efficient and reliable operation” of the channel, “then we will demand that the Panama Canal be returned to us, in full, and without question.”
Authorities in Panama did not immediately react to Trump’s post.
The Times of Israel Community.