President-elect Donald Trump has threatened to retake control of the Panama Canal. Trump blasted the “exorbitant” fees charged to US vessels using the canal. Panama has controlled the canal since 1999. President-elect Donald Trump has threatened to retake control of the Panama Canal as he hit out at what he called the “exorbitant” fees charged to US ships traversing the passage. Panama charges tariffs for vessels traveling through the iconic waterway, with fees varying by size and purpose. “The fees being charged by Panama are ridiculous, especially knowing the extraordinary generosity that has been bestowed to Panama by the US,” Trump said in a post on Truth Social, adding: “This complete ‘rip-off’ of our Country will immediately stop.” The US transferred control of the canal to the Panama Canal Authority (PCA) in 1999 in accordance with the Torrijos-Carter Treaties. “If the principles, both moral and legal, of this magnanimous gesture of giving are not followed, then we will demand that the Panama Canal be returned to us, in full, and without question,” Trump continued in a separate post. “To the Officials of Panama, please be guided accordingly!”
via businessinsider: Trump threatens to retake control of the Panama Canal as he blasts ‘rip-off’ fees
