EconomyLens.com
No Result
View All Result
Saturday, June 14, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

Panama deal allows US to deploy troops to canal

Natalie Fisher by Natalie Fisher
April 11, 2025
in Economy
Reading Time: 7 mins read
A A
3
23
SHARES
283
VIEWS
Share on FacebookShare on Twitter

A cargo ship transits through Panama Canal . ©AFP

Panama City (AFP) – US troops will be able to deploy to a string of bases along the Panama Canal under a joint deal seen by AFP Thursday, a major concession to President Donald Trump as he seeks to reestablish influence over the vital waterway. The agreement, signed by top security officials from both countries, allows US military personnel to deploy to Panama-controlled facilities for training, exercises, and “other activities.” The deal stops short of allowing the United States to build its own permanent bases on the isthmus, a move that would be deeply unpopular with Panamanians and legally fraught. But it gives the United States broad sway to deploy an unspecified number of personnel to bases, some of which Washington built when it occupied the canal zone decades ago.

Related

As NATO ups defence spending, can Europe produce the weapons?

Betraying the revolution: Cuban students reject dollarization

As NATO ups defence spending, can Europe produce the weapons?

Trump moves to block California electric cars program

Niger-Benin border standoff deepens as trade collapse bites

Trump, since returning to power in January, has repeatedly claimed that China has too much influence over the canal, which handles about 40 percent of US container traffic and five percent of world trade. His administration has vowed to “take back” control of the strategic waterway that the United States funded, built, and controlled until 1999. The United States has long participated in military exercises in Panama. However, a longer-term rotational force — such as the one the United States maintains in Darwin, Australia — could prove politically toxic for Panama’s center-right leader Jose Raul Mulino.

Mulino was on Thursday in Peru, where he revealed that the United States had asked to have its own bases. Mulino said he had told visiting Pentagon chief Pete Hegseth that US bases, allowed under an earlier draft, would be “unacceptable.” He warned Hegseth: “Do you want to create a mess, what we’ve put in place here would set the country on fire.” In the watered-down “Memorandum of Understanding,” signed by Hegseth and Panama’s security chief Frank Abrego Wednesday, Panama won its own concessions. The United States recognized Panama’s sovereignty — not a given following Trump’s refusal to rule out an invasion — and Panama will retain control over any installations. Panama will also have to agree to any deployments.

But given Trump’s willingness to rip up or rewrite trade deals, treaties, and agreements, that might offer little comfort to worried Panamanians. “What we have here is a setback to national sovereignty,” Panamanian trade union leader Saul Mendez told AFP. “What the Panamanian government has done is an act of treason. They are traitors and must be tried.”

The country has a long and difficult relationship with the United States. They have close cultural and economic ties, despite the decades-long US occupation of the canal zone and US invasion 35 years ago to overthrow dictator Manuel Noriega. That invasion killed more than 500 Panamanians and razed parts of the capital. Trump’s vow to take back the canal, and his claim of Chinese influence have prompted mass demonstrations. By law, Panama operates the canal, giving access to all nations.

But the US president has zeroed in on the role of a Hong Kong company that has operated ports at either end of the canal linking the Atlantic and Pacific oceans for decades. Under pressure from the White House, Panama has accused the Panama Ports Company of failing to meet its contractual obligations and pushed for the firm to pull out of the country. The ports’ parent company CK Hutchison announced last month a deal to offload 43 ports in 23 countries — including its two on the Panama Canal — to a consortium led by US asset manager BlackRock for $19 billion in cash. A furious Beijing has since announced an antitrust review of the deal.

© 2024 AFP

Tags: militaryPanama CanalUS-China relations
Share9Tweet6Share2Pin2Send
Previous Post

Tesla opens first showroom in oil-rich Saudi

Next Post

US auto union praises some Trump tariffs

Natalie Fisher

Natalie Fisher

Related Posts

Economy

March quake to drive 2.5% drop in Myanmar GDP, says World Bank

June 12, 2025
Economy

UK economy shrinks in April as US tariffs kick in

June 12, 2025
Economy

Niger-Benin border standoff deepens as trade collapse bites

June 12, 2025
Economy

Rice prices Japan’s hot political issue, on and off the farm

June 12, 2025
Economy

US inflation edges up but Trump tariff hit limited for now

June 11, 2025
Economy

Latest GM investments in US in line with slowing EV demand: exec

June 11, 2025
Next Post

US auto union praises some Trump tariffs

Despite Trump pause, overall US tariff rate at highest in a century

Trump admits trade war 'cost' as markets hit

Dollar, stocks hit and gold hits record as trade war panic returns

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
3 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

71

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

US Steel, Nippon partnership proceeds with security deal, ‘golden share’

June 14, 2025

Google turns internet queries into conversations

June 13, 2025

Spain economy minister urges fair, balanced EU-US tariff deal

June 13, 2025

Startups show off ocean-preserving tech at Paris trade fair

June 13, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.