Former U.S. President and current President-elect Donald Trump has set his sights on the Panama Canal, accusing the Central American country of unfairly charging American ships "ridiculous" fees to use the historic waterway. Speaking on his social media platform, Truth Social, Trump warned that if Panama doesn’t reduce the costs, the U.S. might demand control of the canal be handed back.

Trump criticized the fees, which range from $0.50 to a staggering $300,000 depending on the ship and ...