Trump Threatens To Try To Take Back The Panama Canal. Panama’s President Balks At Suggestion | N18G

The Panama Canal. A 51-mile waterway that has defined global trade for over a century. Built by American hands, it became the crown jewel of US engineering and dominance. But now, decades after relinquishing control, the canal is at the center of a fiery international standoff.
But Trump’s concerns go beyond fees. In recent years, China has increased its presence in Panama through infrastructure investments tied to its Belt and Road Initiative.
This growing partnership has only deepened Trump’s suspicions, fueling his calls for the US to retake control of the canal.

In 2018, Panama became the first Latin American country to sign onto China’s Belt and Road Initiative.

Chinese companies now play a significant role in logistics and construction projects near the canal.

Why does the Panama Canal matter so much today?

The canal remains a crucial artery for global trade, handling 14,000 ship transits annually.

It accounts for nearly 6% of the world’s trade by value, moving everything from cars to crude oil and liquefied natural gas.

For Panama, the canal generates 20% of the country’s revenue, making it a lifeline for its economy.

The canal’s operations rely on a unique system of reservoirs to lift and lower ships.

#trump #donaldtrumpnews #news18 #cnnnews18

News18 Mobile App - https://onelink.to/desc-youtube