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Trump threatens to take over Panama Canal
Link: https://www.rt.com/news/609771-trump-threatens-panama-canal-takeover/
The US president-elect has expressed outrage over “rip-off” passage fees and vowed to keep the trade route out of the “wrong hands”. Washington could seek to regain control over the Panama Canal if the Central American country continues to impose “exorbitant” fees on American vessels to use the waterway, US President-elect Donald Trump has warned. Writing on the Truth Social network on Saturday, Trump suggested that “the fees being charged by Panama are ridiculous, especially knowing the extraordinary generosity that has been bestowed to Panama by the US,” and called the current state of affairs a “complete rip-off.” The fees to pass through the canal, which handles about 5% of world trade, range from $0.50 to as much as $300,000, depending on the type of ship and on its cargo. Built under Washington’s leadership in 1914, the trade route has been vital to the US ever since; more than 70% of the cargo that passes through the canal originates in or is destined for the country.
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