• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Panama eliminates charge fees for U.S. government vessels to use the canal

by February 6, 2025
written by February 6, 2025

The U.S. State Department on Wednesday announced a new deal with the government of Panama that will eliminate charge fees for U.S. government vessels.

‘The government of Panama has agreed to no longer charge fees for U.S. government vessels to transit the Panama Canal,’ the State Department wrote in an X post Wednesday night.

The new agreement will save the U.S. government millions of dollars a year, officials noted.

Panama President José Raúl Mulino promised on Sunday to end a key development deal with China after meeting with Secretary of State Marco Rubio. 

During his visit, former Florida Senator Rubio wrote in a post on X that ‘the United States cannot, and will not, allow the Chinese Communist Party to continue with its effective and growing control over the Panama Canal area.’ 

President Donald Trump, who has openly criticized the six-figure premiums imposed on U.S. ships traveling through, has suggested repurchasing the canal.

It was built over decades by the U.S., but was later handed over to Panama during the Carter administration.

A newly introduced bill called the ‘Panama Canal Repurchase Act’ would give Trump and Rubio the authority to negotiate with Panama to repurchase the canal.

More than 70 percent of all vessels traveling through the canal are inbound or outbound to U.S. ports, according to the State Department. It is also a key transit point for U.S. Coast Guard and Department of Defense vessels. 

Ships would need to travel 8,000 additional miles around South America to avoid using the pathway.

Fox News Digital requested comment from the State Department, but did not immediately receive a response as of Wednesday night.

Fox News Digital’s Danielle Wallace and Stepheny Price contributed to this report.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Leader Thune backs Senate GOP bid to speed past House on Trump budget plan
next post
Opinion: Look to outer space for Trump’s Greenland playbook ambitions amid Russia, China Arctic advances

related articles

Trump denounces court’s ‘political’ tariff decision, calls on...

May 30, 2025

President Trump teases ‘last day, but not really’...

May 30, 2025

State Dept says DOGE’s changes will be permanent...

May 30, 2025

Jill Biden should have to answer for ‘cover...

May 29, 2025

DOGE staffing shakeup as Elon Musk hangs up...

May 29, 2025

Hawley urges DOJ probe of Chinese trucking company

May 29, 2025

Less than half of DOGE-terminated contracts can be...

May 29, 2025

Flashback: Top five wildest moments from Elon Musk’s...

May 29, 2025

Sen Ron Johnson suggests he may not run...

May 29, 2025

Justice Department tells American Bar Association it will...

May 29, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Kim Jong Un promises to ‘steadily strengthen’ North Korea’s ‘nuclear force’

    September 11, 2024
  • Congress unveils bill to avert Friday government shutdown with over $100B in disaster aid

    December 18, 2024
  • PTON Stock: Decline Continues, But Is Recovery Possible?

    August 19, 2024
  • ‘Definitely worth it’: Trump supporters share their inauguration day experiences

    January 21, 2025
  • Head of watchdog agency throws in towel after contesting Trump firing

    March 6, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,723)
  • Investing (624)
  • Stock (773)

Latest Posts

  • China open to talks with Trump admin on lowering tariffs, ministry says

    May 2, 2025
  • More than 230 doctors and health care professionals call on Trump to release medical records

    October 16, 2024
  • HUGH HEWITT: The return of Donald Trump for his second inaugural address

    January 20, 2025

Recent Posts

  • Netanyahu publicly backs Israel-Hezbollah cease-fire plan

    November 26, 2024
  • Starbucks (SBUX) Stock Analysis: Key Resistance at $103.33

    November 29, 2024
  • Trump admin to direct agency heads to prep for ‘large-scale reductions in force,’ reorganization by March 13

    February 26, 2025

Editor’s Pick

  • JPMorgan creates new role overseeing junior bankers as Wall Street wrestles with workload concerns

    September 19, 2024
  • White House says Trump ‘trusts his physicians’ following Biden’s cancer announcement

    May 19, 2025
  • Trump fires Democratic FTC commissioners

    March 19, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock