Trump Threatens To Take Back Panama Canal If 'Rip-Off' Passage Rates Aren't Reduced
HuffPost
The president-elect railed against the "ridiculous" fees charged to cross the waterway in a pair of Truth Social posts on Saturday.
Donald Trump issued a troubling warning about the future of the Panama Canal on Saturday, calling the United States’ current arrangement with Panama a “rip-off” in a pair of Truth Social posts.
In his posts, the president-elect threatened to take back the waterway if Panama continues to charge the U.S. “exorbitant prices” to use the passage, which is a critical maritime corridor for both American military operations and global commerce.
“Our Navy and Commerce have been treated in a very unfair and injudicious way,” one Trump post read. “The fees being charged by Panama are ridiculous, especially knowing the extraordinary generosity that has been bestowed to Panama by the U.S. This complete ‘rip-off’ of our Country will immediately stop....”
The United States is the canal’s top wayfarer, making up 72.5% of its traffic, according to 2021 data from the Panama Canal Authority.
The Panama Canal Authority charges boats and ships for their use of the channel, with tariff costs ranging from $0.50 to $300,000, depending on the size and purpose of the vessels.
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