Panama Canal cost, history: Why is Donald Trump threatening to take over key artificial waterway?
Panama Canal has suddenly become the viral topic around the world after U.S. President-elect Donald Trump threatened to reimpose US control over the Panama Canal, a key global shipping route located in the Central American nation.
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Panamanian President Jose Raul Mulino rejected Trump's threat. He said the canal's tariffs were carefully and transparently evaluated, and that these maintain the canal and helped expand it in 2016, boosting traffic and global trade. Latin American leaders on Monday rallied to Panama's defense
«Every square meter of the Panama Canal and its surrounding area belongs to Panama and will continue to do so,» he said in a statement on Sunday. «Our country's sovereignty and independence are not negotiable. The canal is not under any direct or indirect control from China, the European community, the United States, or any other power,» Mulino added.
Panama Canal Location
The Panama Canal is an 82-km (51-mile) artificial waterway that connects the Pacific and Atlantic Oceans through Panama, saving ships thousands of miles and weeks of travel around the stormy, icy southern tip of South America.
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