Tue Dec 24 06:59:26 UTC 2024: ## Trump Threatens to Reclaim Control of Panama Canal Over “Exorbitant” Fees
**Panama City, Panama/Washington D.C. –** President-elect Donald Trump has renewed his attacks on the Panama Canal, accusing Panama of charging American ships “exorbitant” and “ridiculous” fees. Trump, in a public address in Arizona and subsequent posts on Truth Social, vowed to end what he termed a “complete rip-off” of the United States.
His statements come amidst other announcements focusing on his economic vision for America, including potential trade tariff increases. The Panama Canal, a crucial waterway connecting the Atlantic and Pacific Oceans, handles a significant volume of US trade, with nearly 72% of ships transiting the canal either originating from or destined for US ports.
The Canal’s history is intertwined with US involvement, dating back to the 1850s. After failed attempts by the US and a French company, the US secured control following Panama’s independence from Colombia in 1903, operating the canal until the Torrijos-Carter Treaties transferred control back to Panama in 1977.
Trump’s threat to regain control raises significant international implications. The canal’s strategic importance extends beyond economic benefits, impacting national security, defense, diplomacy, and global supply chains. The full implications of Trump’s pronouncements remain to be seen, however, it is clear the matter could significantly impact US-Panamanian relations and global trade.
First Piper 