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Trump claims China is trying to take control of Panama Canal
Firstpost··2 Jul
US President Donald Trump said on July 1 that China is trying to take over the Panama Canal and the United States will not allow it. Speaking at the Theodore Roosevelt Presidential Library opening in Medora, North Dakota, he criticised the 1977 Torrijos-Carter Treaties that transferred canal control to Panama, completed in 1999, and said Panama raised shipping prices repeatedly.
Prism
What It Means For You
- Panama Canal toll and access policies affect global shipping costs.
- US-China rivalry over strategic waterways impacts international trade routes.
- Canal pricing changes can influence import costs for goods shipped via Panama.
What's Happening
- Trump said China is trying to take over the Panama Canal.
- He spoke at the Roosevelt Presidential Library opening on July 1.
- He criticised Panama for raising shipping prices after US transfer.
Geopolitical Context
- Panama assumed full canal control in 1999 under Carter-era treaties.
- The canal is a critical link between Atlantic and Pacific shipping.
- Trump has previously flagged Chinese influence near the waterway.
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