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The #Trump White House on Wed doubled down on taking credit for the #BlackRock deal to place 2 #PanamaCanal ports under #US control.
#Panama Pres José Raúl #Mulino on Wed accused Trump of lying about his claim a day earlier that the US is "reclaiming" the Panama Canal.
"My administration will be reclaiming the Panama Canal, & we've already started doing it," Trump said during his address to #Congress on Tues.
#FactCheck #TrumpLies #disinformation #USpol #geopolitics
https://www.axios.com/2025/03/05/panama-canal-trump-white-house
#Trump’s comments were regarding #BlackRock's agreement to acquire 2 ports serving the #PanamaCanal from a Chinese group, CK Hutchinson, as part of a larger $22.8B deal.
#Mulino on Wednesday rejected the notion that the deal came about because of pressure from the #US & he accused Trump of "lying again."
"I reject in the name of #Panama & all Panamanians this new affront to the truth & our dignity as a nation," he said in a post….
“The #PanamaCanal is not in the process of being restored, & this is certainly not the task that was even discussed in our conversations with Secretary #Rubio or anyone else," #Mulino said.
Asked about Mulino's comments Wednesday, WH Press Sec Karoline Leavitt said during a press conference, "I'm not sure if #Panama has seen what's going on with their own canal."
#GeoPol #PanamaCanal #BlackRock #CKHutchinson #Panama #USpol #China
(1/n)
Would #BlackRock have invested in a sinking ship?--Probably not.
True, the Canal is no ship and, quite to the contrary, it is not shipping. However, the carrying capacity has been continuously eroding as #ClimateChange takes a grip of the region 1):
in 2024, #Panama experienced its second driest year on record.
A new "#MultimodalDryCanal project simply might not...
1)
https://www.economist.com/the-americas/2023/11/23/severe-drought-is-constraining-the-panama-canal
#GeoPol #PanamaCanal #BlackRock #CKHutchinson #Panama #USpol #China
(2/n)
...be able to sustain the capacity:
"But the canal’s upgrades can’t keep up with climate change’s cascading effects. Lake #Gatún and Lake #Alajuela are replenished with rainwater, and a lingering drought compounded by #ElNiño has resulted in the second-driest year in the Panama Canal’s existence. To compensate, the daily average number of ships allowed to pass through the lock...
#GeoPol #PanamaCanal #BlackRock #CKHutchinson #Panama #USpol #China
(3/n)
...system has been reduced from 38 to 27, while each vessel is also now required to carry less cargo. " 2)
I would be laughting so hard if #BlackRock had not given these continously diminishing returns enough thought...
What is more, tTrump might also rue his publicly speaking speaking out for #US control of the old canal:
Especially in face of the security issues regarding...
#GeoPol #PanamaCanal #BlackRock #CKHutchinson #Panama #USpol #China
(4/n)
...#Houthis in #Yemen and the resulting in a reduction in ships going through the much shorter Asia route via the #SuezCanal. 3)
Apart from such megalomaniac construction project which would, theoretically, sever the land bridge b/w northern and southern #Panama, it seems to me that there is no real fix that would give the Canal back its...
#GeoPol #PanamaCanal #BlackRock #CKHutchinson #Panama #USpol #China
(5/5)
...#Houthis
...erstwhile luster.
Today, petty #tRump has already singled out a culprit when things go south (pun intended:) the new #SecretaryOfState, #MarcoRubio.
Sorry, but...
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