Trump slammed the "complete 'rip-off' of our Country" by Panama through the "ridiculous" fees being charged to those who need to pass through the canal.
In a statement, Trump pointed to Fertitta's background in business, including his work as CEO of Landry's, a Texas-based restaurant and entertainment company.
In a statement posted on Truth Social, Trump said Burnett "brings a unique blend of diplomatic acumen and international recognition to this important role."