Trump Vows to Retake Panama Canal

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US canal

CNN

•

World

Panama turned its canal into a money-maker. History shows why Trump’s threats are sounding the alarm bells

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US President Donald Trump in his inaugural address on Monday vowed to wrest the canal back.

Trump claims Panama overcharges the US Navy to transit the canal.

Panama has experienced several US military interventions over the years .

In 2024 , the canal earned nearly $5 billion in total profits, according to a study.

In 1977 , then-President Jimmy Carter reached an agreement with then- Panamanian strongman Omar Torrijos for the US and Panama to jointly administer the crucial waterway.

The agreement still gave the US the right to intervene militarily to keep the canal open a condition that could potentially be exploited by Trump in an attempt to retake the canal by force.

In 2007 , Panama began work on the canal’s largest expansion in nearly a century , a new set of locks.

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