Trump threatens to reclaim control of Panama Canal over trade disputes

Donald Trump has threatened to retake control of the Panama Canal, claiming Panama charges excessive rates and warning of Chinese influence. This statement has led to a dispute with Panama's President, who defended the canal's independence. Trump stated that if Panama does not adhere to the principles of the 1977 agreement, the U.S. would demand the canal's return. The canal has been under Panamanian control since 1999, following a U.S.-Panama agreement. Panama's President Jose Raul Mulino emphasized that the canal is fully owned by Panama and denied any Chinese control. Trump responded defiantly, saying, "We'll see about that!" The canal is vital for global trade, handling about 2.5% of it annually.