Trump says US 'taking back' Panama Canal - but Panama's president has defiant message
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Donald Trump has vowed to "take back" the Panama Canal, saying it was "foolishly" given to the Central American country by the US. During his speech at his inauguration in Washington DC, the new president said American ships using the vital waterway, including those in the US Navy, were being "severely overcharged and treated fairly".
In response, Panama's president Jose Raul Mulino said on X that the canal "is and will continue to be Panamanian". Follow live: Trump returns to power. The late US president Jimmy Carter signed over the canal to Panama during his presidency in the 1970s.
Mr Trump claimed in his speech that rival China was operating the canal and "we didn't give it to China, we gave it to Panama, and we're taking it back". The Panama Ports Company, controlled by Hong Kong-based CK Hutchinson Holdings, has long managed two ports near canal entrances.
Panamanian authorities have launched an audit of the Panama Ports Company, coinciding with Mr Trump's threats. Mr Trump also said of the canal: "We have been treated very badly from this foolish gift that should have never been made. And Panama's promise to us has been broken.".
"The purpose of our deal and the spirit of our treaty has been totally violated," he claimed. Read more:Trump reforms 2017 'carnage' speech and peppers it with hopeTech billionaires and world leaders turn out for inauguration. The canal, located on the outskirts of the capital, Panama City, is one of the world's busiest trade passages.
