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

Panama eliminates charge fees for US 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
Zelenskyy wants nukes or NATO; Trump special envoy Kellogg says ‘slim and none’ chance
next post
Israeli defense minister orders IDF to plan for Gazans to leave in line with Trump’s controversial proposal

related articles

Trump administration wins Supreme Court fight to slash...

August 22, 2025

Zelenskyy seeks ‘strong reaction’ from US if Putin...

August 22, 2025

Pentagon unveils new medal for troops deployed in...

August 21, 2025

Federal judge rules Trump appointee Alina Habba is...

August 21, 2025

‘Maine’s Mamdani’: Maine GOP chief issues warning about...

August 21, 2025

‘There are 50 swamps’: State Freedom Caucus Network...

August 21, 2025

Trump-aligned legal group probes Biden-era organ transplant program...

August 21, 2025

NATO defense chiefs stress commitment to Ukraine, discuss...

August 21, 2025

Russian drone crashes in Polish field; Warsaw protests...

August 21, 2025

Gabbard launches ‘ODNI 2.0,’ with plan to cut...

August 20, 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

  • Tesla achieves record China sales, but faces a tougher road ahead

    January 6, 2025
  • 124 Dems oppose historically bipartisan defense bill over restrictions on transgender treatments for minors

    December 12, 2024
  • As Apple enters AI race, iPhone maker turns to its army of developers for an edge

    October 7, 2024
  • Trump hits EU for lack of Gaza aid, says Israel needs to ‘make a decision’ with Hamas not releasing hostages

    July 27, 2025
  • Trump’s legal wins seem to simplify upcoming general election campaign schedule

    July 29, 2024

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

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

    July 19, 2024
  • 3

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

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,783)
  • Investing (634)
  • Stock (893)

Latest Posts

  • Stellar and Bitcoin Cash: Stellar launches a bullish option

    August 20, 2024
  • Trump administration wins Supreme Court fight to slash NIH medical research grants tied to DEI, LGBTQ studies

    August 22, 2025
  • Special Counsel Jack Smith plans to resign, file report before Trump can fire him: report

    November 13, 2024

Recent Posts

  • Trump US trade rep pick Jamieson Greer advances out of Senate Finance Committee

    February 12, 2025
  • Asia markets on Friday: Hang Seng, Nifty end in green, Nikkei dips sharply

    April 11, 2025
  • Trump lawyer William Owen Scharf picked for ‘crucial’ White House assistant role

    November 17, 2024

Editor’s Pick

  • S&P 500, Nasdaq slip as Treasury yields rise; NVIDIA and Tesla fall, while Getty and Shutterstock shares soar

    January 7, 2025
  • Major K Street players previously skeptical of Trump now pledging to work together with him

    February 19, 2025
  • Actor Will Ferrell ‘threatens’ voters in new Harris campaign ad: ‘Shut the f— up, Gary’

    November 4, 2024
  • 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