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The Panama Canal is pretty much useless as an asset of war in this day and age.

I have to respectfully disagree if china makes a move on taiwan we will need to get our navy over there fast china now with holdings on both sides of the canal could bog it up by sinking a freighter in the canal forcing us to go around the world to get there. Sure we have missles and I still think we would whoop chinas ass I just would prefer to control it out of our national interest.

let me also say that I am not a military expert either but gertz and gaffney both say this was a colossal mistake by the united states.