Fast and Factual LIVE: Trump Vows To Retake Panama Canal Over China Influence, High Transit Tariffs
Incoming US President Donald Trump threatened to take over the Panama Canal upon taking office. The US President-elect accused Panama of allowing China to manage the key passage. A subsidiary of a Hong Kong-based firm has long managed two ports located on the Caribbean and Pacific entrances to the Central American waterway. Responding to Trump's sharp comments, Panama's President Jose Mulino asserted his country's control over the canal. "Every square metre of the Panama Canal and its adjacent areas belong to Panama and will continue to belong to Panama," President Mulino said in a recorded statement released on X. The United States largely built the canal and administered the territory surrounding it for decades in the last century. Agreements signed in 1977 finally paved the way for the canal's return to full Panamanian control in 1999.
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