The US took over the project in 1904 and opened the canal in 1914. The US continued to control the canal and surrounding
Panama Canal Zone until the
Torrijos–Carter Treaties provided for its handover to Panama in 1977.
Thanks Jimmy!!!
Chinese companies have a significant presence there.
From October 2023 to September 2024, China accounted for 21.4% of the cargo volume transiting the Panama Canal, making it the second-largest user after the US.
In recent years, China has also invested heavily in ports and terminals near the canal.
Two of the five ports adjacent to the canal, Balboa and Cristóbal, which sit on the Pacific and Atlantic sides respectively, have been operated by a subsidiary of Hutchison Port Holdings since 1997.
The company is a subsidiary of the publicly listed CK Hutchison Holdings, a Hong Kong-based conglomerate founded by Hong Kong businessman Li Ka-shing.
It has port operations in 24 countries, including the UK.
Although it is not state-owned by China, says Ryan Berg, director of the Americas Program at the Centre for Strategic and International Studies, there have been concerns in Washington over how much control Beijing would be able to exert over the company.
Chinese companies, both private and state-owned, have also strengthened their presence in Panama through billions of dollars in investments, including a cruise terminal and a bridge to be built over the canal.
This "package of Chinese activities", might have prompted Trump's assertion that the canal is "owned" by China.
So, it is official ownership vs. influence and actual usage.
Usually, the one with the bigger wallet or military wins.
I'm sure China at some point has the intent of taking it over officially.