Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

Panama’s president hits back at Trump idea to reclaim key canal

by December 23, 2024
December 23, 2024

Panama’s president has responded to President-elect Trump’s idea that his new administration could try to regain control of the Panama Canal.

After Trump said Sunday that the United States ‘foolishly gave it away’ and is now ‘being ripped off’ at the waterway, Panama’s conservative President José Raúl Mulino released a video declaring that ‘every square meter of the canal belongs to Panama and will continue to belong’ to his country.

Without mentioning Trump by name, Mulino addressed Trump’s complaints over rising fees for ships crossing the canal, saying they are set by experts who take into account operational costs, and supply and demand factors.

‘The tariffs are not set on a whim,’ Mulino said. He noted that Panama has expanded the canal over the years to increase ship traffic ‘on its own initiative,’ and added that shipping fee increases help pay for improvements.

‘Panamanians may have different views on many issues,’ Mulino said. ‘But when it comes to our canal, and our sovereignty, we will all unite under our Panamanian flag.’

Trump then took to his social media site to offer in response, ‘We’ll see about that!’ He also posted a picture of a U.S. flag planted in the canal zone under the phrase, ‘Welcome to the United States Canal!’

Trump had previously addressed the canal in a Saturday Truth Social post, where he complained at length about the fees levied on U.S. ships going through the Big Ditch. The Panama Canal’s tolls can range from three to six figures depending on how large a vessel is and how much cargo it carries, with the largest ships being charged as much as $500,000.

The United States built the canal in the early 1900s as it looked for ways to facilitate the transit of commercial and military vessels between its coasts. Washington relinquished control of the waterway to Panama on Dec. 31, 1999, under a treaty signed in 1977 by President Jimmy Carter.

The canal depends on reservoirs to operate its locks and was heavily affected by 2023 Central American drought that forced it to substantially reduce the number of daily slots for crossing ships. With fewer ships using the canal each day, administrators also increased the fees that are charged all shippers for reserving a slot.

With the weather returning to normal in the later months of this year, transit on the canal has normalized, but price increases are still expected for next year.

Fox News’ Andrea Margolis and the Associated Press contributed to this report. 

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
President-elect Trump’s Syria dilemma: Intervene or let it turn into terror state
next post
TikTok divestment could be ‘deal of the century’ for Trump, House China Committee chair says

You may also like

“I Don’t Know About That” – Joe Biden...

November 30, 2022

DAVID MARCUS: Calling Rep. Sarah McBride ‘mister’ isn’t...

March 12, 2025

Johnson reveals Trump’s wishes on delivering huge policy...

January 4, 2025

Tulsi Gabbard explains why she won’t call Edward...

February 4, 2025

Ilhan Omar condemns Israel’s military response to Hamas,...

October 11, 2023

This candidate’s path to 270 electoral votes looking...

October 24, 2024

Harris calls for eliminating filibuster to pass ‘Roe’...

September 24, 2024

Trump reacts after leaked recording shows him discussing...

June 28, 2023

China, Russia suffer setback to global ambitions with...

December 31, 2023

Knife Control? Fatal Stabbings in NYC Up 37%...

December 17, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025
    • Tech ETFs are Leading Since April, but Another Group is Leading YTD

      June 7, 2025
    • TIMELINE: Inside the evolving relationship between Trump and Musk from first term to this week’s fallout

      June 7, 2025
    • Deadly drone wars are already here and the US is horribly unprepared

      June 7, 2025
    • Week Ahead: NIFTY’s Behavior Against This Level Crucial As The Index Looks At Potential Resumption Of An Upmove

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,564)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved