Trump's Interest in Panama Canal: A 150-Year-Old Saga

panama - Why does President Trump want to take control of the Panama Canal? Explore the history, controversies, and recent developments.

The Backstory of Panama Canal

Constructed in 1914, the Panama Canal has a rich history intertwining the US and Panama. The desire of President Donald Trump to reclaim control has stirred a new controversy.

History of the Panama Canal

Originally an initiative dating back to 1534 by the Spanish King, the Panama Canal construction began in 1880 but faced setbacks due to the challenging terrain and diseases. The US took over the project in 1903, completing it by 1914 at a cost of $375 million.

Panama Canal's Transition

Control of the Panama Canal was transferred to Panama in 1999, leading to significant infrastructural upgrades and revenue boosts. Today, the canal generates $5 billion annually, making it a key global trade route.

Trump's Claims and Controversy

President Trump's statements about the canal's control have raised concerns, alleging Chinese influence and unfair practices. However, Panama dismisses these claims, emphasizing the canal's neutral operations and rejecting any takeover attempts.