Former U.S. President and current President-elect Donald Trump has set his sights on the Panama Canal, accusing the Central American country of unfairly charging American ships “ridiculous” fees to use the historic waterway. Speaking on his social media platform, Truth Social, Trump warned that if Panama doesn’t reduce the costs,
After the Suez Canal incident, the Panama Canal is facing a similar situation, with ships now paying tolls almost eight times higher due to drought. On a recent day, more than fifty ships—from cargo ships loaded with food to tankers transporting propane—were waiting to pass through the Panama Canal. Longer
Panama Canal is going dry as a severe drought has caused water levels in the lake that feeds the locks in the Panama Canal to drop far below normal. Federal Reserve Chair Jerome Powell keeps careful track of employment levels, wages, consumer prices and numerous other metrics to see where the US inflation rate may
