Trump threatens to regain control of Panama Canal over shipping fees

news.yahoo.com

Donald Trump has threatened to retake control of the Panama Canal, claiming Panama charges American ships "exorbitant prices" for passage. He criticized the 1977 treaty that transferred control from the U.S. to Panama, calling it a mistake. In a post on Truth Social, Trump accused Panama of unfairly profiting from American vessels. He stated that fees for using the canal can range from $0.50 to $300,000, depending on the ship's size. Trump's comments come amid rising tensions over shipping costs. The U.S. is the largest user of the canal, which has seen a significant fee increase this year, affecting global trade.


With a significance score of 4.4, 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.