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."
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.
Yeah, best case scenario is that the rest of the world starts to consciously uncouple from the US, taking away the ability of the incoming fascist government to strongarm "allies" into doing and saying everything they want or suffer financial and diplomatic ruin.
It's already happening. If Trump attempts to go Neville Chamberlain on Ukraine, the Europeans (at least a large group of them) are willing to tell him to fuck off.
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.
"In response to Trump's statement, Panama will talk with Putin about the possibility of a Russian military base to be built in Panama to safeguard free trade from interference from President Trump."
Interesting, the fees can almost be directly compared to his tariffs, as in its a government mandated fee on top of goods/ships crossing the border/canal.... and Trump does not like them 😅
...as a lifelong New Englander, I'm not sure if I want to root for or against that proposal! (pre-Brexit it would have been a no-brainer; I'd love to be part of the EU)
US wanted to build a canal. The place they wanted to build it was part of Colombia. US backs a secession of the Central American portion of Columbia, creating the nation of Panama. Panama grants the US a 99-year lease on the Canal Zone. US builds canal.
Everybody laughing at this guy, but actual real people, and families, that are alive today, won't be this time next year, because of the insane shit Trump and his cadre of incompetents will foist on the world with their purposefully unworkable foreign policies. You don't do this, or nominate any of Trumps barrel bottoms in the first place, if you want a functioning ChristoFascist government, you do this because you want to get away with something else while everyone is distracted.