Panama Marks 25th Canal Handover Anniversary

Panama recently commemorated the 25th anniversary of the U.S. handover of the Panama Canal, a significant event marked by the death of former President Jimmy Carter, who facilitated the transfer. During the ceremony, Panamanian President José Raúl Mulino expressed both joy and sadness, remembering Carter's legacy while ignoring recent threats from President-elect Donald Trump to reclaim control of the canal if fees for U.S. ships remain high. Trump criticized what he deemed 'ridiculous' fees and made unfounded allegations about Chinese influence over the canal, provoking backlash from Panamanians who strongly defend their sovereignty. Mulino emphasized that the canal, vital for global maritime traffic, is firmly under Panamanian control and dismissed claims of foreign involvement. The event highlighted the canal's economic importance to Panama, generating significant revenue while also spotlighting local frustrations over the distribution of those benefits. Political analysts noted the delicate balance Panama must maintain with the U.S., its primary trading partner.