Panama Canal's administrator Ricaurte Vásquez has firmly stated that the canal will remain in Panamanian hands and open to commerce for all nations, rejecting President-elect Donald Trump's assertion that the U.S. should reclaim control over the key waterway. In multiple interviews, Vásquez dismissed Trump's claims that China exerts control over the canal, clarifying that the ports are operated by a Hong Kong consortium and are also managed by U.S. and Taiwanese companies.

During his press engagements, Trump has suggested that military action may be necessary to secure U.S. interests in the region, labeling the current transit fees as “ridiculous.” His comments have sparked a vigorous discussion about the strategic importance of the canal, which connects the Atlantic and Pacific Oceans. Vásquez emphasized that any exceptions to the existing operational rules would create “chaos,” as such requests are routinely denied due to clear and established processes. He added that the treaty signed in 1977 guarantees neutrality, disallowing preferential treatment for U.S.-flagged ships.

Both President of Panama, José Raúl Mulino, and Vásquez have reiterated that the canal will continue to serve global trade and will not revert to U.S. control, dismissing Trump's views as misguided. They contend that the canal, which saw its management handed over to Panama in 1999 under the Carter-Torrijos Treaty, is vital for regional economic stability.

A recent report indicated concerns over the significant role China is playing through its involvement in various infrastructure projects throughout Latin America, including the Panama Canal. Chinese capabilities raise questions about military access amid shifting geopolitical landscapes. In response, Vásquez noted that approximately 70% of the canal's traffic is bound for or originating from U.S. ports, underscoring its importance in American commerce.

Amid speculations, criticisms about the canal's operational fees were voiced by Trump, asserting that the U.S. government "foolishly gave" the canal away. In contrast, Vásquez noted that there have been recent fee adjustments due to operational necessities, largely influenced by a drought that significantly affected shipping slots. The canal, spanning about 51 miles, allows vessels to avoid longer routes around Cape Horn.

As significant voices in the region continue to affirm Panamanian sovereignty over this critical infrastructure, the context of U.S.-China relations remains a pivotal concern. The dynamics of international trade and military presence may evolve as leaders reassess involvement and commitments. For ongoing updates and detailed discussions on this topic, please refer to the AP News and other reputable sources.