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Trump threatens to retake control of Panama Canal unless offer reached

President-elect Donald Trump threatened to reassert U.S. control over the Panama Canal, accusing Panama of charging excessive rates to use the Main American passage, which allows ships to cross in between the Pacific and Atlantic oceans.

In a Saturday night post on Fact Social, Trump likewise warned that he would not let the canal fall into the wrong. hands, and he seemed to alert of possible Chinese impact on. the passage, composing that the canal needs to not be handled by. China.

China does not manage or administer the canal. However, a. subsidiary of Hong Kong-based CK Hutchinson Holdings handles 2. ports located on the Caribbean and Pacific entryways to the. canal, respectively.

The post was an exceedingly uncommon example of a U.S. leader. stating he could press a sovereign nation to hand over area. It also underlines an anticipated shift in U.S. diplomacy under. Trump, who has not traditionally shied away from threatening. allies and using bellicose rhetoric when handling. equivalents.

The fees being charged by Panama are ridiculous, particularly. understanding the amazing kindness that has been bestowed to. Panama by the U.S., Trump composed in his Reality Social post.

It was not provided for the advantage of others, however simply. as a token of cooperation with us and Panama. If the principles,. both moral and legal, of this generous gesture of giving are. not followed, then we will require that the Panama Canal be. returned to us, completely, and without question, he wrote.

The Panamanian embassy in Washington did not respond to. an ask for remark.

The United States largely built the canal and supervised. territory surrounding the passage for years. However the United. States and Panama signed a set of accords in 1977 that paved. the way for the canal's go back to complete Panamanian control. The. United States turned over control of the canal in 1999 after a. period of joint administration.

The waterway, which allows up to 14,000 ships to cross per. year, represent 2.5% of global seaborne trade and is important. to U.S. imports of cars and business products by container ships. from Asia, and for U.S exports of products, including. melted natural gas.

It is not clear how Trump would look for to restore control over. the canal, and he would have no recourse under international law. if he chose to make a play for the passage.

This is not the very first time Trump has actually freely considered. territorial growth.

In current weeks, he has actually consistently mused about turning. Canada into a U.S. state, though it is unclear how serious he is. about the matter. During his 2017-2021 term, Trump revealed. interest in buying Greenland, a self-governing territory of. Denmark. He was publicly rebuffed by Danish authorities before. any discussions might occur.

(source: Reuters)