MOSCOW (Sputnik) – Panama Canal Authority head Ricaurte Vasquez Morales has denied US President-elect Donald Trump’s accusations that the canal is allegedly managed by China, while US ships face higher tariffs.
The average cost of crossing the canal for ships is about $750,000, but it can range from $300,000 to $1 million, the report said.
«They [tariffs] apply to all ships from around the world and there are no exceptions,» Vasquez Morales added.
Trump said on December 22 that he would demand the rapid return of the Panama Canal to American ownership due to high fees for through it. The politician emphasized that the Panama Canal was critically important for US trade, as well as for the rapid deployment of US naval forces in the Atlantic and the Pacific.
