President Trump mentioned Panama in his inaugural address on January 20. He indicated the Canal “has foolishly been given to the country of Panama.” And “China is operating the Panama Canal. And we didn’t give it to China.” He added that, “the spirit of our treaty has been totally violated. American ships are being severely overcharged and not treated fairly in any way, shape, or form.”

The treaty in question is one of the two Torrijos-Carter Treaties of 1977 that guided the transfer of the Panama Canal to Panamanian ownership in 1999.

Addressing the Congress on March 5, Trump announced, “My administration will be reclaiming the Panama Canal, and we’ve already started doing it … “Just today, a large American company announced they are buying both ports around the Panama Canal.”

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