>>22252391
>return the Panama Canal to Panama.
It's worse than even Trump described.
According to current estimates, the Panama Canal, when built by the United States, cost roughly $15.2 billion in today's dollars. This is based on the original construction cost of around $375 million, adjusted for inflation.
Sadly, most articles regarding the Panama Canal / Torrijos โ Carter Treaties make no mention of the transaction price and the full text is not readily available.
However, it actually appears far worse than Trump described. Instead, it appears the US paid Panama in addition to gifting the canal.
To promote Panamaโs economic development, the U.S. contribution will be stepped up through a program of loans, loan guarantees, and credits totaling approximately $295 million over the next five years. These financial arrangements will involve no grants and no gifts from the United States; they will all be repaid by Panama with interest. Because of โBuy Americanโ provisions, this economic cooperation package will bring substantial benefits to U.S. business and labor. In addition, to assist Panama to develop a capability for canal defense, the United States will make available military credits totaling $50 million over a 10-year period. While the package developed out of the treaty negotiations, it lies outside the treaties and imposes no treaty obligations on the United States.
https://jsknox.medium.com/fact-check-did-the-us-sell-the-panama-canal-for-one-dollar-e398a5950a7b