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.

  • kbal@fedia.io
    10·
    17 hours ago

    They probably can’t afford to double the fees for everyone, their canal would be out of business. But double the fees only for American-flagged vessels might be feasible.

    • stephen01kingEnglish
      5·
      17 hours ago

      As long as the fees as still lower than the cost to go around South America, I’m sure they’ll still have business.

        • stephen01kingEnglish
          2·
          13 hours ago

          How much global temperature increase would we need for that route to be viable? Have there been any research on this?

          • TachyonTele@lemm.eeEnglish
            5·
            13 hours ago

            You bet there’s been research on the northwest passage by every shipping and oil company with enough money to spend on research. A brand new shortcut around the world is the dream.