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."

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.

  • MutilationWave@lemmy.worldEnglish
    2·
    19 hours ago

    One of the first things he’s going to do is increase taxes on the poor and what’s left of the middle class and give tax breaks to the rich and corporations. Even that is world news in my opinion just because of the US status as pretty much the only world superpower. My country spends more on the military than the rest of the top 10 combined.