Donald Trump threatens to reclaim Panama Canal due to 'outrageous fees'
Donald Trump threatens to reclaim Panama Canal due to 'outrageous fees'
The Panama Canal faced significant impacts from the 2023 Central American droughts, which compelled it to considerably cut back on the daily slots available for vessels traversing the waterway.
US President-elect Donald Trump indicated on Sunday that his forthcoming administration might seek to repossess control of the Panama Canal, which he claimed the United States “stupidly” transferred to its Central American partner. Trump stated that vessels navigating this crucial passage incur “outrageous” charges for doing so. “We’re being exploited at the Panama Canal,” he commented during a rally in Arizona, as reported by the Associated Press. Trump lamented that his nation “naively handed it over.”
He asserted that if the ethical and legal foundations of this “generous act of giving” are not upheld, then the US will demand that the Panama Canal be restored to the United States of America, completely, promptly, and unconditionally.
“I won’t tolerate it. So to the authorities in Panama, please act accordingly,” he remarked.
The United States constructed the canal in the early twentieth century while seeking methods to streamline the movement of commercial and military ships between its coasts. Washington transferred ownership of the waterway to Panama on December 31, 1999, in accordance with a treaty signed in 1977 by President Jimmy Carter.
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