• CD312: Threatening Panama's Canal

  • Mar 9 2025
  • Duración: 57 m
  • Podcast

CD312: Threatening Panama's Canal

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  • President Trump has been threatening to “take back” the Panama Canal since he regained power. In this episode, listen to testimony from officials serving on the Federal Maritime Commission who explain why the Panama Canal has become a focus of the administration and examine whether or not we need to be concerned about an impending war for control of the canal. View the show notes on the Congressional Dish website at https://congressionaldish.com/cd312-threatening-panamas-canal/ Please Support Congressional Dish – Quick Links Contribute monthly or a lump sum via PayPalSupport Congressional Dish via Patreon (donations per episode)Send Zelle payments to: Donation@congressionaldish.comSend Venmo payments to: @Jennifer-BrineySend Cash App payments to: $CongressionalDish or Donation@congressionaldish.comUse your bank’s online bill pay function to mail contributions to: 5753 Hwy 85 North, Number 4576, Crestview, FL 32536. Please make checks payable to Congressional Dish Thank you for supporting truly independent media! Background Sources Recommended Congressional Dish Episodes CD292: Sabotaging Palestine CD287: War Money Current Events around the Panama Canal “Panama president calls Trump’s talk of ‘reclaiming’ the Panama Canal a lie.” March 5, 2025. the Associated Press. “Blackrock to buy Hong Kong firm’s Panama Canal port stake amid Trump pressure.” Sabrina Valle, Suzanne McGee, and Michael Martina. March 4, 2025. Reuters. “Mapping China’s Influence around the Panama Canal.” Matt Murphy, Jake Horton and Erwan Rivault. February 14, 2025. BBC. “Low water levels in Panama Canal due to increasing demand exacerbated by El Nino event.” May 1, 2024. World Weather Attribution. “59 Iran-Linked Ships Stripped of Panamanian Flag, US DOS Confirms.” World Maritime News Staff. March 15, 2019. World Maritime News. “Chinese Consortium to Build Fourth Panama Canal Bridge.” July 29, 2018. Reuters. Panama Canal Treaty of 1977 “Panama Canal Treaty of 1977.” U.S. Department of State. The Chinese “Belt and Road Initiative” “Belt and Road Initiative.” Michele Ruta. March 29, 2018. World Bank Group. The Trump-Gaza Video Donald Trump shares ‘what’s next’ for Gaza AI video on his Truth Social Platform February 26, 2025. Sky News. Laws Section 19 of the Merchant Marine Act Audio Sources President Trump Threatens to “Reclaim” The Panama Canal during his March 4, 2025 Presidential Address Examining the Panama Canal and Its Impact on U.S. Trade and National Security Senate Committee on Commerce, Science, and Transportation January 28, 2025 Watch on YouTube Witnesses: Louis E. Sola, Chairman, Federal Maritime Commission (FMC) Daniel B. Maffei, Commissioner, FMC Eugene Kontorovich, Professor, Scalia Law School, George Mason University Joseph Kramek, President & CEO, World Shipping Council Clips 17:30 Sen. Ted Cruz (R-TX): Between the American construction of the Panama Canal, the French effort to build an isthmus canal, and America's triumphant completion of that canal, the major infrastructure projects across Panama cost more than 35,000 lives. For the final decade of work on the Panama Canal, the United States spent nearly $400 million, equivalent to more than $15 billion today. The Panama Canal proved a truly invaluable asset, sparing both cargo ships and warships the long journey around South America. When President Carter gave it away to Panama, Americans were puzzled, confused, and many outraged. With the passage of time, many have lost sight of the canal's importance, both to national security and to the US economy. 18:45 Sen. Ted Cruz (R-TX): But the Panama Canal was not just given away. President Carter struck a bargain. He made a treaty. And President Trump is making a serious and substantive argument that that treaty is being violated right now. 19:10 Sen. Ted Cruz (R-TX): President Trump has highlighted two key issues. Number one, the danger of China exploiting or blocking passage through the canal, and number two, the exorbitant costs for transit. 19:20 Sen. Ted Cruz (R-TX): Chinese companies are right now building a bridge across the canal at a slow pace, so as to take nearly a decade. And Chinese companies control container points ports at either end. The partially completed bridge gives China the ability to block the canal without warning, and the ports give China ready observation posts to time that action. This situation, I believe, poses acute risks to US national security. 19:50 Sen. Ted Cruz (R-TX): Meanwhile, the high fees for canal transit disproportionately affect Americans, because US cargo accounts for nearly three quarters of Canal transits. US Navy vessels pay additional fees that apply only to warships. Canal profits regularly exceed $3 billion. This money comes from both American taxpayers and consumers in the form of higher costs for goods. American tourists aboard cruises, particularly those in the Caribbean Sea, are essentially...
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