Trump's motive for taking back the Panama Canal is pure vengeance. Years ago Trump had a Trump branded Hotel in Panama where he was in dispute with the legal owners of the property, there was a stand off where Trump's people barricaded themselves in the office and refused to leave. In the end, the legal system sided with the legal owners of the property. The hotel was re-branded and Trump had no legal recourse to pursue damages. Even though Trump would have no possibility of taking the Panama Canal back for the united States, he may put pressure on Panama to offer better passage fees for American ships using the canal. Failing this. Trump would still make political points with MAGA supporters. It would look like he is trying to do something for his country and Make America Great Again.
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