President-elect Donald Trump threatened on Saturday that the U.S. would reassume control of the Panama Canal if it felt that Panama wasn’t honoring the terms of a 1977 treaty regarding the waterway’s legal status.
But after decades of tensions around the canal, the Carter administration signed two treaties in 1977 with Panama’s military dictator, Omar Torrijos, to transition control of the vital shipping passage over to Panama. Under the terms of those treaties, Panama would gain control of the canal by 1999 and the U.S. would retain the right to defend the canal from any threat to its neutrality.
https://www.politico.com/news/2024/12/21/trump-panama-canal-00195820