Who owns the Panama Canal and what does Donald Trump want with it?
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Donald Trump, the president-elect of the United States, stated that his administration will attempt to retake control of the Panama Canal. The issue was brought up by Mr Trump during AmericaFest on Sunday (December 22), an annual gathering hosted by the conservative organisation Turning Point.
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The US “foolishly gave it away”, he claimed at the Arizona event, adding, “W’'re being ripped off at the Panama Canal like we're being ripped off everywhere else.”. Mr Trump captioned a photo of the US flag flying over a small body of water on his Truth Social platform and Instagram after AmericaFest, saying, “Welcome to the United States Canal!”.
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As the name suggests, Panama owns the canal. Opening in 1914, the US-built canal was under US administration until a 1977 agreement called for its ultimate transfer to Panama. Both nations worked together to operate the canal until 1999, when the Panamanian government took exclusive authority.
Ships soon outnumbered the canal's capacity once the Panamanians regained exclusive control of it in 2000. Beginning in 2007, a significant enlargement project was finished almost 10 years later. However, the canal's ability to operate effectively has been hampered by the severe droughts that have been plaguing the surrounding area.
Canal officials have increased the cost of using the canal and placed limits on traffic. These expenses seem to be a contributing factor in Mr Trump's canal grievance. The president-elect said on Sunday that it is, “highly unfair, especially knowing the extraordinary generosity that has been bestowed to Panama, I say, very foolishly, by the United States”.
