China rebuffs Trump threat over Panama Canal; says it should remain neutral

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China rebuffs Trump threat over Panama Canal; says it should remain neutral - Business Standard

Quick Summary:

China Monday backed Panama President Jose Raul Mulino's assertion of his country's sovereignty over the Panama Canal against US President-elect Donald Trump's threat to regain control of it if the central American country doesn't stop charging "exorbitant prices" to US ships and naval vessels.

If shipping rates are not lowered "we will demand that the Panama Canal be returned to us, in full, quickly and without question, Trump told a crowd of supporters in Arizona on Sunday.

The 82-km Panama Canal cuts across the central American nation and is the main link between the Atlantic and Pacific oceans.