Trump expressed concerns about China's increasing influence in the area, highlighting that this trend poses risks to American interests, as US businesses rely on the canal to facilitate trade between the Atlantic and Pacific oceans.

"Our Navy and Commerce have been treated very unfairly. The fees charged by Panama are outrageous," he stated in a post on his Truth Social platform. "This complete 'rip-off' of our country will cease immediately."

Originally completed by the US in 1914, the Panama Canal was handed over to Panama under a 1977 agreement signed by Democratic President Jimmy Carter, with full control transferred in 1999.

"It is for Panama to manage, not for China or anyone else," Trump asserted. "We will NEVER allow it to fall into the wrong hands!"

He further warned that if Panama fails to maintain "the secure, efficient, and reliable operation" of the canal, the US would demand its complete return.

Panamanian officials have not yet responded to Trump's remarks.

Despite not officially taking office until next month, Trump has been making headlines and asserting his political influence during the final days of President Joe Biden's administration. The real estate mogul has claimed that his background as an entrepreneur uniquely positions him to advocate for US business interests.

The Panama Canal is a crucial route, with an estimated five percent of global maritime traffic passing through it, allowing ships to avoid the lengthy and perilous journey around South America’s southern tip. Major users of the canal include the United States, China, Japan, and South Korea.

Recently, the Panama Canal Authority announced record revenues of nearly $5 billion for the last fiscal year.

Photo: Reuters