Trump lashed out at what he termed "exorbitant prices" that Panama charges U.S. shipping and naval vessels, claiming, “This complete rip-off of our country will immediately stop” once he assumes office next month. His statements raise questions about future U.S. foreign policy direction, particularly as he highlighted the canal's importance as a "vital national asset."

While addressing attendees, Trump also reiterated criticism of other countries, including Canada and Mexico, for perceived unfair trade practices. However, his comments about Mexico’s president showcased a lighthearted tone towards bilateral relations amidst serious accusations regarding drugs and immigration.

The Panama Canal, spanning 51 miles, serves as a crucial link between the Atlantic and Pacific Oceans, facilitating around 14,000 vessels annually. After decades of American control, the canal was handed over to Panama in 1999, following years of treaties and joint governance.

Trump's remarks not only highlight ongoing economic and territorial discussions but also mark a return to familiar campaign themes surrounding immigration, crime, and trade. His speech was notable for omitting references to the recent budget deal in Congress that prevented a government shutdown, focusing instead on rallying the conservative base ahead of his inauguration on January 20, 2024.

As Trump continues to consolidate support among conservative activists, his bold claims regarding the Panama Canal could signal a fundamental shift in the U.S.'s approach to international diplomacy and trade.