Source : NEW INDIAN EXPRESS NEWS
The president-elect opened the speech by saying that “we want to try to bring everybody together. We’re going to try. We’re going to really give it a shot.” Then he suggested Democrats have “lost their confidence” and are “befuddled” after the election but eventually will ”come over to our side because we want to have them.”
Atop a list of grievances — some old, some new — was the Panama Canal.
“We’re being ripped off at the Panama Canal,” he said, bemoaning that his country ”foolishly gave it away.”
The United States built the canal in the early 1900s as it looked for ways to facilitate the transit of commercial and military vessels between its coasts. Washington relinquished control of the waterway to Panama on Dec. 31, 1999, under a treaty signed in 1977 by President Jimmy Carter.
The canal depends on reservoirs to operate its locks and was heavily affected by 2023 Central American droughts that forced it to substantially reduce the number of daily slots for crossing ships. With fewer ships using the canal each day, administrators also increased the fees that are charged all shippers for reserving a slot.
With weather returning to normal in the later months of this year, transit on the canal has normalized. But price increases are still expected for next year.
SOURCE :- NEW INDIAN EXPRESS
