Donald Trump: Panama rejects Trump vow to 'take back' Panama Canal
Published On Jan 20, 2025, 5:44 PM
Panama's President Jose Raul Mulino has publicly rejected claims by US President Donald Trump that China is in control of the Panama Canal and that the US should take the canal back from Panama. Trump accused Panama of breaking a neutrality promise and stated that American ships face unfair charges. Mulino emphasized that the canal remains under Panama's control and rejected any notions of foreign interference. He reflected on the historical significance of the canal, which Panama took full control of in 1999 following a treaty with the US. The discussion has broader implications for trade between the US and China, with concerns about the canal's operational control.
Stock Forecasts
CNI
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The situation reflects heightened geopolitical tensions and could impact shipping companies and trade routes significantly. If trade tensions escalate or if there are further claims regarding control over critical infrastructure, companies operating in these areas may see volatility. However, the rejection of Trump's claims by Panama indicates stability in current operations, which may favor companies directly linked to canal operations and global trade.
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