Trump Threatens to Take Back Control of Panama Canal
President-elect Trump took issue with fees charged to use the Panama Canal, a vital shipping route, on Saturday night, claiming that he will demand oversight of the waterway be given back to the U.S. when he returns to office if it’s not changed.“The fees being charged by Panama are ridiculous, especially knowing the extraordinary generosity that has been bestowed to Panama by the U.S,” Trump wrote on Truth Social. “This complete ‘rip-off’ of our Country will immediately stop….”
Panama charges tariffs for boats and ships to pass through its canal. Fees vary based on the size and purpose of vessels, and the charges range from as low as $0.50 to as high as $300,000.
“If the principles, both moral and legal, of this magnanimous gesture of giving are not followed, then we will demand that the Panama Canal be returned to us, in full, and without question,” Trump continued. “To the Officials of Panama, please be guided accordingly!
The U.S. uses the Panama Canal more than any other country. Control of the canal was transferred from the U.S. to the Central American country in 1999 as a result of a 1979 treaty under President Jimmy Carter, which Trump said was a foolish decision.
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We continue to allow countries to rip us off all over the world. This will stop under Trump's America First policy.
If you subscribe to the Epoch Times, this article is very informative as to what is going on...lots to do with China.
1 comment:
The Chinese own the canal.
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