Trump demands Panama lower Canal fees or return it to US – DW – 12/22/2024
www.dw.com
In a post on social media, the incoming US President Donald Trump described fees charged to use the key shipping lane as a "complete 'rip-off.'" He also warned of it falling into the "wrong hands."

cross-posted from: https://lemmy.world/post/23416568

Summary

Donald Trump criticized Panama Canal fees as “ridiculous” and demanded lower costs or the canal’s return to the US.

In a Truth Social post, Trump also expressed concern about potential Chinese influence over the waterway, despite no direct Chinese control of canal operations.

The canal, transferred to Panama in 1999, is vital for global trade, handling 5% of maritime traffic.

Trump’s comments follow record revenues of $5 billion announced by the Panama Canal Authority. Panama has not yet responded to his statements.

  • Nougat@fedia.io
    302·
    1 day ago

    Probably not, since the US essentially stole it.

    US wanted to build a canal. The place they wanted to build it was part of Colombia. US backs a secession of the Central American portion of Columbia, creating the nation of Panama. Panama grants the US a 99-year lease on the Canal Zone. US builds canal.

    • ThrowawayPermanente@sh.itjust.worksEnglish
      1·
      4 hours ago

      Unless Panama stole itself from Colombia when they won their independence I don’t think you can really call this stealing on the part of the US, either