President-elect Donald Trump has sparked controversy with his latest demand, threatening to regain control of the Panama Canal unless the Central American nation reduces fees on the vital waterway. The Panama Canal, one of the world’s most important shipping routes, has been under Panamanian control since 1999, when the US handed over ownership to the country.

In a statement, Trump accused Panama of “taking advantage” of the US by charging excessive fees for the canal’s use. “The Panama Canal is a vital artery of international commerce, and we can’t let Panama continue to rip us off,” Trump said. “Either they reduce the fees, or we’ll have to take back control.”

Trump’s comments have raised eyebrows in diplomatic circles, with many experts warning that such a move would be a significant escalation of US intervention in the region. Panama’s President, Juan Carlos Varela, has already responded, stating that his country will not be “bullied” by the US and that the canal’s fees are fair and competitive.

The Panama Canal is a critical component of global trade, with over 14,000 vessels passing through it every year. The canal’s tolls are a significant source of revenue for Panama, generating over $2 billion in income annually.