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.

  • Captain Aggravated@sh.itjust.worksEnglish
    9·
    21 hours ago

    It’s my understanding the canal is already almost out of business because they don’t have enough water. They limit travel through the canal to avoid emptying Lake Gatun.

    • AA5B@lemmy.worldEnglish
      4·
      15 hours ago

      You could argue they need to raise prices, both to account for the natural resource degradation and to reduce congestion to a sustainable level