Trump threatens to reclaim control of Panama Canal over high fees

President-elect Donald Trump has threatened to reclaim control of the Panama Canal, criticizing the high fees charged to U.S. vessels. Panama has managed the canal since 1999, following the transfer from the U.S. under the Torrijos-Carter Treaties. Trump described the fees as "exorbitant" and a "rip-off," claiming the U.S. has been generous to Panama. He stated that if Panama does not adhere to the principles of their agreement, the U.S. will demand the canal's return. The Panama Canal, opened in 1914, is a crucial waterway for global shipping, with around 13,000 to 14,000 ships using it annually. The U.S. is the largest user, with significant fees reported in 2023 due to congestion.