Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
US-backed Gaza aid group launches bold new system...
Biden doctor pleads the Fifth in speedy House...
Watchdog backs Rubio’s sanctions on UN official over...
Trump taps Sean Duffy to serve as interim...
Trump cautioned Putin he would ‘bomb the s—‘...
I worked for the most successful third party...
‘Gut check time’: Dissent among Senate GOP ranks...
New book reveals what Obama and ‘conqueror’ Trump...
Trump had very unexpected convo with Obama at...
10 reasons the DOJ and FBI face backlash...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Politics

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

by admin December 23, 2024
December 23, 2024
Panama’s president hits back at Trump idea to reclaim key canal

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

previous post
Lac Carheil Expanded Footprint, Drilling Fully Permitted
next post
5 steps the new Trump administration must take to make America healthy again

You may also like

Puerto Rico permits nonbinary gender marker on birth...

June 3, 2025

3 Americans in Congo sentenced to death after...

September 14, 2024

Bondi says Epstein client list ‘sitting on my...

February 22, 2025

Trump China tariff truce ignites stock markets –...

May 12, 2025

Trump budget bill with $4.5T in tax cuts...

February 14, 2025

‘Rules for thee’: Senate DOGE leader seeks crackdown...

April 14, 2025

Harris takes slim lead over Trump in new...

October 8, 2024

Trump cuts off federal resources for law firm...

March 7, 2025

Musk signals potential softening of feud with simple...

June 10, 2025

Tulsi Gabbard, former Democratic candidate for president, joins...

October 23, 2024

Recent Posts

  • US-backed Gaza aid group launches bold new system to deliver food directly to families
  • Biden doctor pleads the Fifth in speedy House closed-door interview
  • Watchdog backs Rubio’s sanctions on UN official over ‘shameful efforts’ targeting US, Israel
  • Trump taps Sean Duffy to serve as interim NASA chief
  • Trump cautioned Putin he would ‘bomb the s—‘ out of Moscow if Russia invaded Ukraine, new book claims

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


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

    Categories

    • Business (819)
    • Investing (2,497)
    • Politics (3,095)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.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 © 2024 Sightful Invest. All Rights Reserved.