World News@lemmy.worldEnglish · 6 days ago

Trump demands Panama lower Canal fees or return it to US

www.dw.com

Trump demands Panama lower Canal fees or return it to US

www.dw.com

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World News@lemmy.worldEnglish · 6 days ago

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.

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