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The Panama Canal is one of the most important waterways in the world, with about 7% of global trade passing through. Droughts mean fewer ships per day, and that can quickly affect Panamas finances and economies around the world. One of those conflicts involves a new dam the Panama Canal Authority plans to begin building in 2027.
But to a greater extent than most joint addresses to Congress, which newly elected presidents typically use to preview their loftiest aspirations, this felt more like a victory lap from a lame-duck president who sees his victory as a license to plunder the country as much as the law allows, and sometimes beyond it.
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