Opinion
Trump is wrong: Climate change, not China, is the threat to Panama Canal
Any loss of capacity, which is more likely to be caused by drought will ripple through supply chains and push up costs in Australia.
Michael BellContributorRecent threats by US President Trump to “take back” the Panama Canal have prompted a discussion about its importance for the global economy and, at least in this part of the world, for Australia.
The Panama Canal was built and owned by the US in the early 1900s before being given to Panama in 1999 under two treaties, signed by US President Jimmy Carter back in 1977. The neutrality of the Panama Canal was guaranteed by treaty, but which of course does not prevent political influence and interference.
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