It seems Trump has gone off on a riff about taking back the Panama Canal. It seems he has some history there (from 2019):

Trump Companies Accused of Tax Evasion in Panama
In the latest chapter in ongoing litigation, the private equity fund that bought what used to be called the Trump Ocean Club claims the Trump entities pocketed money that should have gone to the Panamanian government.

Jimmy Carter settled a lot of that years ago, as I recall. Trump can't do anything now but blow hot air.