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President-elect Donald Trump threatened to retake the Panama Canal if Panama continued to “rip-off” the United States with “exorbitant” transit fees.on Truth Social, Trump spoke about the Panama Canal and how it was viewed as a “vital national asset” to the U.S., and how the U.S. was the “number one user” of the Panama Canal. Trump added when former President Jimmy Carter “foolishly” gave the Panama Canal away, it wasn’t for “Panama to charge” the U.S.
“The United States is the Number One user of the Canal, with over 70 percent of all transits heading to, or from, U.S. ports,” Trump added. “Considered one of the Wonders of the Modern World, the Panama Canal opened for business 110 years ago, and was built at HUGE cost to the United States in lives and treasure – 38,000 American men died from infected mosquitos in the jungles during construction.
“When President Jimmy Carter foolishly gave it away, for One Dollar, during his term in Office, it was solely for Panama to manage, not China, or anyone else,” Trump continued. “It was likewise not given for Panama to charge the United States, its Navy, and corporations, doing business within our Country, exorbitant prices and rates of passage. Our Navy and Commerce have been treated in a very unfair and injudicious way.
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