Trump 2nd term updates: Trump attends the Super Bowl

President Donald Trump again expressed his desire for the U.S. to regain control of the Panama Canal, and said he would hold a call with Panama officials on Friday afternoon.

"We either want it back or we're going to get something very strong or we're going to take it back," Trump said as he took reporter questions in the Oval Office, where he continued to criticize former President Jimmy Carter for negotiating a treaty that ceded control of the waterway to the Central American nation.

Secretary of State Marco Rubio, who was in Panama on Sunday as part of his first official trip to the region, demanded that Panama do something about China's influence over the canal. In remarks after their meeting, Panamanian leader José Raúl Mulino was sympathetic to some of the Trump administration's concerns, like immigration and Chinese influence but unmoved on the issue of canal control. Mulino said technical experts would meet with U.S. officials to discuss concerns they had, and maintained that the neutrality of the waterway was not in question.

"We're going to be talking to Panama on Friday, essentially," Trump said. "And they've agreed to certain things, but I'm not happy with it."

President Donald Trump was asked about Elon Musk and representatives of his Department of Government Efficiency (DOGE) team having access to the vast Treasury Department payment system.

"Well, he's got access only to letting people go that he thinks are no good if we agree with him," Trump said. "And it's only if we agree with him. He's a very talented guy from the standpoint of management and costs. And we put him in charge of seeing what he can do with certain groups and certain numbers."

Trump went on to claim Musk's team is finding "tremendous waste."

"We're trying to shrink government and he can probably shrink it as well as anybody else, if not better," Trump said. "Where we think there's a conflict or there's a problem, we won't let him go near it. But he has some very good ideas."

When later asked directly if everything Musk's done recently had his support, Trump said: "For the most part, yeah. If there was something that didn't have my okay, I'd let you know about it right really fast."

"Elon can't do and won't do anything without our approval. And we'll give him the approval where appropriate. Where not appropriate. We won't," Trump said.

Ahead of another call with Canadian Prime Minister Justin Trudeau at 3 p.m. on tariffs, President Donald Trump criticized Canada as "very tough to do business with."

"And we can't let them take advantage of the U.S.," Trump said in the Oval Office on Monday.

The comments come after Trump pushed back tariffs on Mexico for at least a month after new agreements, including 10,000 Mexican soldiers being placed on the border to try to curb the flow of drugs into the United States.

President Donald Trump signed an executive order in the Oval Office charging the Department of Treasury and others in his administration to start working on the process to create an "American sovereign wealth fund."

Howard Lutnik, Trump's pick for commerce secretary, said the fund could be set up within the next 12 months.

"Other countries have, sovereign wealth funds and they're much smaller countries, and they're not the United States. We have tremendous potential in this country," Trump said.

Trump also signed five designations for special envoys -- including Steve Witkoff, Ric Grenell and Mark Burnett. He also signed appointments for 28 sub-Cabinet level officials, including department general counsels.