Trump threatens to retake control of Panama Canal, eyeing Chinese influence

U.S. president-elect accuses Panama of charging ships 'ridiculous' fees

20241222 Panama Canal

The U.S. largely built the Panama Canal, but handed control of the waterway to Panama in 1999 after a period of joint administration. © Reuters

WEST PALM BEACH, Florida (Reuters) -- President-elect Donald Trump threatened to reassert U.S. control over the Panama Canal on Sunday, accusing Panama of charging excessive rates to use the Central American passage and drawing a sharp rebuke from Panamanian President Jose Raul Mulino.

Speaking to a crowd of supporters in Arizona, Trump also said he would not let the canal fall into the "wrong hands," warning of potential Chinese influence on the passage. After the event, he posted an image on Truth Social of an American flag flying over a narrow body of water, with the comment: "Welcome to the United States Canal!"

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