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.
Yesterday was the 35th anniversary of the last time USA invaded Panama. We are all suffering from collective PTSD this weekend from that, and the events from such a traumatic event are still raw. And the Yankees decide today is the best day to threaten us with a second invasion?!
At this point, I'm on board with a global trade war against the US. Build your stupid wall, surround yourselves with it and rot in the Maga stew you voted for. Come back out to talk to us when you're ready.
The canal is on a crash course with climate change. They're going to need absolutely massive investment to operate once the lake dries up, and they're not pulling in massive profits to pay for that. If Trump wants lower fees, he best be ready to pay for them. The reality though is that he's probably just betting on failure.
Its funny because I was against giving it up since we built it but I sure as heck am against taking it back. That is not how stability works. It would be equivalent to crimea and far to close to the fucked up thing we have with israel in the world.