Donald Trump angry over Panama Canal ‘outrageous charges’ warns he will build his ownARRIERE CLASSE. Trump also mentioned that China has been getting more involved around the region of the canal that interconnects the Atlantic and Pacific oceans.
panama canal
United States’ President-elect Donald Trump has vowed to take control of the Panama Canal after labeling Panama as greedy for imposing high tariffs on U.S. ships that use one of the busiest channels in the world. “It has acted extremely unfairly and uninformed with our Navy and Commerce. The fees being charged by Panama are ridiculous,” Trump said on his Truth Social app at the weekend. “This complete ‘rip-off’ of our Country will immediately stop.” The US was largely responsible for construction of the canal in 1914 and oversaw areas around the passage for decades. However, Washington effectively gave sovereignty over the canal back to Panama in 1999 after the decade of co-administration. At least five percent of the world fleet transit through the Panama Canal; it provides an opportunity that cut shorter the long and dangerous voyage round the southern extremity of South America for those Ships that travel from Asia to the US East Coast. The Panama Canal Authority disclosed in October that the canal had generated nearly $ 5bn in the last fiscal year – the highest ever.
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