The China Mail - Rubio to make debut in Panama as Trump threatens to take canal

USD -
AED 3.672501
AFN 65.000064
ALL 81.845006
AMD 366.463719
ANG 1.790365
AOA 918.000053
ARS 1524.859901
AUD 1.441743
AWG 1.8
AZN 1.702503
BAM 1.740887
BBD 2.024718
BDT 123.601406
BGN 1.683441
BHD 0.379014
BIF 3017.846811
BMD 1
BND 1.287196
BOB 12.108238
BRL 5.226601
BSD 1.005283
BTN 96.885459
BWP 14.221182
BYN 3.028221
BYR 19600
BZD 2.021781
CAD 1.421235
CDF 2309.999842
CHF 0.827225
CLF 0.024861
CLP 981.63996
CNY 6.704597
CNH 6.704675
COP 3319.26
CRC 459.303568
CUC 1
CUP 24.126252
CVE 98.374972
CZK 21.72865
DJF 179.008692
DKK 6.641785
DOP 60.065513
DZD 133.646986
EGP 52.307399
ERN 15
ETB 160.999933
EUR 0.88851
FJD 2.251302
FKP 0.757935
GBP 0.75675
GEL 2.594995
GGP 0.757935
GHS 11.777115
GIP 0.757935
GMD 73.49376
GNF 8843.452641
GTQ 7.679983
GYD 210.280831
HKD 7.846555
HNL 26.829955
HRK 6.696398
HTG 131.567938
HUF 327.69499
IDR 17889
ILS 3.07053
IMP 0.757935
INR 96.186967
IQD 1316.907959
IRR 1746539.000196
ISK 121.719916
JEP 0.757935
JMD 158.335114
JOD 0.708968
JPY 157.636495
KES 129.710071
KGS 87.446999
KHR 4055.000342
KMF 438.000282
KPW 900.000318
KRW 1350.830047
KWD 0.30886
KYD 0.837765
KZT 445.443338
LAK 22455.00029
LBP 89550.000036
LKR 332.213287
LRD 171.350167
LSL 16.694961
LTL 2.95274
LVL 0.60489
LYD 6.41498
MAD 9.803908
MDL 17.899089
MGA 4429.000244
MKD 54.808848
MMK 2099.878546
MNT 3598.367683
MOP 8.125398
MRU 40.075024
MUR 48.150235
MVR 15.449807
MWK 1737.000047
MXN 18.258799
MYR 4.084097
MZN 63.910072
NAD 16.650007
NGN 1328.780167
NIO 36.665034
NOK 9.617881
NPR 155.016734
NZD 1.7802
OMR 0.384502
PAB 1.005296
PEN 3.465503
PGK 4.449497
PHP 62.59902
PKR 277.049851
PLN 3.886295
PYG 5857.77038
QAR 3.64499
RON 4.746499
RSD 104.444011
RUB 83.373151
RWF 1483.390301
SAR 3.764198
SBD 8.064852
SCR 13.957083
SDG 601.515223
SEK 10.025065
SGD 1.278945
SHP 0.757461
SLE 24.597928
SLL 20969.491881
SOS 574.485509
SRD 37.672502
STD 20697.981008
STN 22.15
SVC 8.796002
SYP 13002.000254
SZL 16.643153
THB 33.573505
TJS 9.258616
TMT 3.51
TND 2.988767
TOP 2.40776
TRY 49.142005
TTD 6.819972
TWD 31.895101
TZS 2635.002986
UAH 45.139279
UGX 3991.27687
UYU 40.465
UZS 11820.000158
VES 865.477996
VND 25995
VUV 120.084308
WST 2.780871
XAF 582.824141
XAG 0.016277
XAU 0.000238435292
XCD 2.70255
XCG 1.811716
XDR 0.707052
XOF 582.824141
XPF 106.500433
YER 236.375025
ZAR 16.66661
ZMK 9001.19364
ZMW 19.768306
ZWL 321.999592
SSP 5712.591902
MXV 2.065951
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Rubio to make debut in Panama as Trump threatens to take canal
Rubio to make debut in Panama as Trump threatens to take canal / Photo: © AFP/File

Rubio to make debut in Panama as Trump threatens to take canal

Marco Rubio heads Saturday to Panama on his debut trip abroad as US secretary of state as he looks for how to follow up on President Donald Trump's extraordinary threat to seize the Panama Canal.

Text size:

Rubio's travel comes the same day that Trump's promised tariffs on the three largest US trading partners -- Canada, Mexico and China -- are set to come into effect, another step showing a far more aggressive US foreign policy.

Rubio will travel later to four other small Latin American countries for an agenda focused on migration, a highly unusual first trip for the top US diplomat, whose predecessors were more likely to start the job with language of cooperation with major allies.

Trump has refused to rule out military force to seize the Panama Canal, which the United States handed over at the end of 1999, saying that China has exerted too much control through its investment in surrounding ports.

In his inaugural address, Trump said that the United States will be "taking it back" -- and he refused to back down Friday.

"They've already offered to do many things," Trump said of Panama, "but we think it's appropriate that we take it back."

He alleged that Panama was taking down Chinese-language signs to cover up how "they've totally violated the agreement" on the canal.

"Marco Rubio is going over this talk to the gentleman that's in charge," Trump told reporters.

Panamanian President Jose Raul Mulino, generally considered an ally of the United States, has ruled out opening negotiations after complaining to the United Nations about Trump's threat.

"I cannot negotiate, much less open a process of negotiations on the canal," Mulino said Thursday.

The issue "is sealed. The canal is Panama's," Mulino said.

Mulino's government, however, has ordered an audit of CK Hutchison Holdings, the Hong Kong company that operates ports on both sides of the canal.

- What does 'taking it back' mean? -

It remains to be seen if or how Rubio carries out the threat. Some experts believe that Trump was simply applying pressure and could declare a win by the United States ramping up investment in the canal -- an outcome that most Panamanians would welcome.

Rubio has played down the military option but also not contradicted his boss.

"I think the president's been pretty clear he wants to administer the canal again. Obviously, the Panamanians are not big fans of that idea," Rubio told SiriusXM radio in an interview before the trip.

He acknowledged that Panama's government "generally is pro-American" but said that the Panama Canal is a "core national interest for us."

"We cannot allow any foreign power -- particularly China -– to hold that kind of potential control over it that they do. That just can't continue," Rubio said.

The canal remains the crucial link between the Atlantic and Pacific oceans and coasts, with 40 percent of US container traffic going through it.

Trump administration officials said they were blaming not Mulino but previous Panamanian president Juan Carlos Varela who in 2017 -- during Trump's first term as president -- moved to sever ties with Taiwan in favor of China.

"It wasn't just a diplomatic recognition. He literally opened the floodgates and gave strategic assets throughout the Canal Zone to China," said Mauricio Claver-Carone, the US special envoy on Latin America.

He charged that Panama unfairly raised costs for US ships while also seeking assistance from the United States for canal upkeep. Panama attributes rising costs to the effects of a drought, exacerbated by climate change.

Trump has quickly made clear he will exercise swift pressure to bend other countries to his will, especially on his signature issue of deporting undocumented immigrants.

On Sunday, he threatened major tariffs against Colombia to force its president to back down after he insisted that repatriated migrants be treated in a more dignified way.

P.Deng--ThChM