Panama snubs Donald Trump as US President announces plans to ‘take back’ Panama Canal, rename Gulf of Mexico

US President Donald Trump announced plans to rename the Gulf of Mexico and claimed America would reclaim the Panama Canal.

Anwesha Mitra
Published20 Jan 2025, 11:25 PM IST
Donald Trump says Gulf of Mexico will be renamed, announces plans to ‘take back’ Panama Canal
Donald Trump says Gulf of Mexico will be renamed, announces plans to ‘take back’ Panama Canal(AP)

Newly appointed US President Donald Trump announced plans to rename the Gulf of Mexico during his inaugural speech on Monday. The Republican leader has also claimed that America would be ‘taking back’ the Panama Canal. The remarks have since prompted a sharp rebuttal from the Central American nation.

“The canal is and will remain Panama's,” read a terse statement from President Jose Raul Mulino that was published on social media.

The Panama Canal has become a topic of extensive discussion in recent days — with Trump insisting on Monday that it was a “foolish gift that should have never been made”. He also accused the other country of ‘breaking its promise to the US’ and claimed that China had gained control of the waterway. The POTUS has repeatedly suggested that the US should ‘take it back’ and refused to rule out a military intervention.

Also Read | ‘Peacemaker’ Donald Trump takes claims for Israel-Hamas ceasefire

“American ships are being severely overcharged and not treated fairly in any way, shape or form, and that includes the United States Navy. And above all, China is operating the Panama Canal. And we didn’t give it to China, we gave it to Panama, and we’re taking it back,” said Trump during his inaugural address.

The President also indicated plans to rename the Gulf of Mexico as the ‘Gulf of America’ and restore the name of Mount Denali on Monday. The highest mountain in North America will revert to Mount McKinley — its former name until the Obama administration changed it in 2015. The name had been changed earlier to reflect the traditions of Alaska Natives and preference of many Alaskans.

“We will restore the name of the great President William McKinley to Mount McKinley, where it should be and where it belongs. President McKinley made our country very rich through tariffs and through talent,” Trump said.

Also Read | US President Donald Trump exits Paris climate agreement for second time

(With inputs from agencies)

Catch all the Business News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Business NewsNewsUs NewsPanama snubs Donald Trump as US President announces plans to ‘take back’ Panama Canal, rename Gulf of Mexico
MoreLess
First Published:20 Jan 2025, 11:25 PM IST
Most Active Stocks
Market Snapshot
  • Top Gainers
  • Top Losers
  • 52 Week High
    Recommended For You
      More Recommendations
      Gold Prices
      • 24K
      • 22K
      Fuel Price
      • Petrol
      • Diesel
      Popular in News