President-elect Trump implied Saturday he may demand U.S. ownership of the Panama Canal, claiming the U.S. is being ripped off by unfair tolls.
President-elect Trump unleashed a tirade against Panama Canal tolls Saturday, claiming the U.S. is being ripped off by high prices. In a Truth Social post Saturday, Trump complained at length about the fees levied on U.S. ships going through the Big Ditch. The Panama Canal's tolls can range from three to six figures depending on how large a vessel is and how much cargo it carries, with the largest ships being charged as much as $500,000.
Carter also signed the Neutrality Treaty, which ensured that the tolls would be equal for all nations. Trump implied that the U.S. should be given preferential treatment in his post. "Our Navy and Commerce have been treated in a very unfair and injudicious way," the president-elect argued. "The fees being charged by Panama are ridiculous, especially knowing the extraordinary generosity that has been bestowed to Panama by the U.S.
To the Officials of Panama, please be guided accordingly!" Trump also noted the canal was built at a massive cost to the United States, though he incorrectly claimed that 38,000 Americans died while building it. The National Institutes for Health estimates the number of people who died while working during the American construction of the canal was around 5,600. It is unclear how many of those who died were American because a large part of the labor force was recruited from the Caribbean.
The Department of Government Efficiency's X account recently claimed the Panama Canal cost U.S. taxpayers $15.7 billion. The U.S. government does not subsidize the canal. Ships that pass through it pay tolls.
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