Trump threatens to reclaim Panama Canal over vessel fees

hindustantimes.com

Donald Trump has threatened to reclaim the Panama Canal, accusing Panama of exploiting U.S. vessels with high fees. He criticized the fees as "exorbitant" and claimed they are unfair to American commerce. Trump's comments reference the 1977 treaty that transferred control of the canal from the U.S. to Panama. He stated that if Panama does not adhere to the principles of the treaty, the U.S. will demand the canal's return. The canal's fee structure varies widely, with charges ranging from $0.50 to $300,000 based on vessel size. The canal is crucial for global trade, with the U.S. being its largest user.


With a significance score of 4.5, this news ranks in the top 6% of today's 17171 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 9000 minimalists.