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Trump Calls Panama Canal Fees “Unfair” For U.S. Ships
Panama Canal Image for representation purposes only
Dr.G.R.Balakrishnan Dec 26 2024 Shipping News

Trump Calls Panama Canal Fees “Unfair” For U.S. Ships

Donald Trump recently made a controversial statement, by threatening to take control of the Panama Canal after criticising Panama for what he called “ridiculous” fees charged to U.S. ships passing through the waterway. In a post on Truth Social, Trump said that the U.S. Navy and U.S. Commerce had been treated “unfairly” by Panama, accusing the country of charging excessive fees for the use of the canal.

The Panama Canal, an 82-kilometre waterway which connects the Atlantic and Pacific Oceans, is one of the most important trade routes in the world, handling about 5% of global maritime traffic. It was originally built in the early 20th century and was under U.S. control until 1999 when it was transferred to Panama under the Torrijos-Carter Treaties.

Trump called the fees a “rip-off” during his recent speech in Arizona. He also mentioned China’s involvement in the region and said that the canal should remain under Panama’s control but without interference from any foreign powers, including China.