Trump is serious about his intention to seize the Panama Canal. He discussed it in his inauguration address and has dispatched Marco Rubio to Panama to put a plan in motion. But what do Panamanians think about this? My interview guest is Ed Price, a political economist at New York University and a columnist for the Financial Times. We begin by discussing the general mood on the streets of Panama City before turning to a broader conversation about how political and policy elites in Panama are responding to this assault on their sovereignty. We also examine the wider geopolitical implications of Trump’s ambitions for territorial expansion, including annexing the Panama Canal, acquiring Greenland, and making Canada the “51st state.”