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Exactly. If it's a priority to the regime to openly control the Panama Canal, rather than de facto control it, then they will take control over it. I do think Trump has a strong preference for doing it through negotiation (including threats of violence, unfortunately), rather than taking it by force.
I suspect he is moving towards buying the canal. He will control it as the owner. This seems to be his modus operandi, bash them over the head until they sell. I noticed that he did the same thing to Colombia. The threatened bashing was too much to bear for the Colombians.
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