Context:
Donald Trump is going to annex Canada and Greenland and take the Panama Canal back, the strategic waterway connecting the Pacific and Atlantic Oceans.
Key Highlights:
- The plan has been triggered by increased shipping rates and a rising concern of the “Chinese influence” in the region.
- The US, with its 74% ownership of traffic in the canal, is the greatest beneficiary. China is the second with 21%.
- History
- French project, built in 1880.
- Transferred over to Panama in 1999.
- Since 2000, Panama has been operating the canal administration.
