President Jose Raul Mulino has addressed the nation in response to US President-elect Donald Trump’s threat to retake control of the Panama Canal, a vital waterway that contributes billions of dollars to the Panamanian economy annually and serves as a crucial artery for global trade.

In his video address on Sunday, Mulino emphasized that the sovereignty and independence of the country are “non-negotiable” and underscored the canal’s significance as part of the “history of struggle and an irreversible conquest.”

“Every square meter of the Panama Canal and its adjacent area belongs to Panama, and it will continue to be so,” Mulino declared.

Over the weekend, Trump expressed outrage on Truth Social and during a speech at the AmericaFest conference over what he called “exorbitant” fees charged for the passage of American vessels through the canal, accusing Panama of exploiting the United States with excessive fees.

“We’re being ripped off at the Panama Canal, just like everywhere else,” despite the “extraordinary generosity that has been bestowed on Panama,” he told supporters in Arizona on Sunday.

If the principles, both moral and legal, of this magnanimous gesture of giving are not followed, then we will demand that the Panama Canal be returned to the United States of America. In full. Quickly and without question,” Trump proclaimed, warning officials in Panama to “please be guided accordingly.”

Trump also declared that he would never allow the canal to fall into “the wrong hands,” namely China’s, emphasizing that a “secure Panama Canal is crucial for US commerce and the rapid deployment of the Navy from the Atlantic all the way to the Pacific.”

Trump further emphasized his statements by sharing an image on Truth Social of an American flag over a narrow waterway with the caption, “Welcome to the United States Canal!”RT