Trump threatens to take control of Panama Canal, says 'fees are ridiculous'

US President-elect Donald Trump said fees being charged by Panama for the use of Panama Canal are "ridiculous". He said US bestowed "extraordinary generosity" on Panama, adding, "If the principles...of this magnanimous gesture...are not followed, then we'll demand that the Panama Canal be returned to us." He said the canal is a vital US asset, playing a critical economic role.