House Republicans have introduced a bill for the United States to repurchase the Panama Canal following concerns raised by President-elect Trump about Chinese control of the critical waterway. The bill, named the Panama Canal Repurchase Act, was introduced by Rep. Dusty Johnson, R-S.D., and has garnered support from 15 other Republican co-sponsors.
The bill aims to give the president authority to initiate negotiations with the Government of the Republic of Panama to reacquire the Panama Canal. The U.S. Department of State estimates that a significant percentage of vessels passing through the canal are linked to U.S. ports, highlighting its strategic importance to the United States.
The bill's proponents argue that owning and operating the Panama Canal could strengthen America's position globally and enhance economic benefits. They point out that without access to the canal, ships would have to travel an additional 8,000 miles around South America, impacting trade and economic activities.
President Trump has emphasized the economic and military significance of the Panama Canal, expressing concerns about China's involvement in its operations. The Panamanian government has denied claims of Chinese control, but Johnson's office highlighted China's increasing influence in the region, including investments in canal infrastructure and managing rights for ports adjacent to the waterway.
If the bill becomes law, the president will have 180 days to report to Congress on the progress of negotiations and potential outcomes. The bill's supporters argue that repurchasing the Panama Canal would enhance America's economic security and military capabilities, aligning with the country's strategic interests.
