• 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

WATCH: Trump says he is hopeful Hillary Clinton...

August 1, 2025

Recess on ice as Republicans hunker down for...

August 1, 2025

Trump moves nuclear submarines weeks after praising sub’s...

August 1, 2025

Iran says it has ‘plenty of scientists’ left...

August 1, 2025

Trump endorses ‘MAGA warrior’ for RNC chairman after...

August 1, 2025

Trump repositions 2 nuclear submarines after ‘highly provocative’...

August 1, 2025

Kavanaugh cites 3 presidents in explaining Supreme Court’s...

August 1, 2025

China’s growing nuclear arsenal aims to break US...

August 1, 2025

Trump ally Bukele’s party amends El Salvador constitution...

August 1, 2025

Trump takes jab at GOP senator, urging Republicans...

August 1, 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

  • ‘Utter disaster’: Lindsey Graham calls for Zelenskyy resignation after White House throwdown

    February 28, 2025
  • Obama offers statement of support after Biden drops out of 2024 race: ‘Patriot of the highest order’

    July 21, 2024
  • Harris to name VP by next week, kick off battleground state tour together: report

    July 30, 2024
  • Ripple and Tron: New support levels on Thursday

    October 10, 2024
  • ‘Many failures’: Whistleblower exposes how fired Biden-era official was soft on China, prioritized DEI

    April 8, 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

    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 (5,602)
  • Investing (634)
  • Stock (867)

Latest Posts

  • Fetterman defies ‘punitive’ punishment for breaking with Democratic Party during bipartisan discussion

    June 2, 2025
  • RBC downgrades Moderna and cuts price target by 28%: Should you exit?

    August 5, 2024
  • Inside the late-night drama that led to Trump’s tax bill passing by 1 vote

    May 30, 2025

Recent Posts

  • Trump energy plan will avoid Europe’s energy disaster

    January 8, 2025
  • Germany to remove Huawei and ZTE from 5G networks by 2029 over security concerns

    July 11, 2024
  • Democrats in Congress mostly resist calling for Biden to drop out despite private concerns: reports

    July 10, 2024

Editor’s Pick

  • Global Trade War: U.S. Tariffs and China’s Retaliation

    February 5, 2025
  • Amazon ‘anti-union propaganda,’ employee surveillance loom over labor vote at North Carolina warehouse

    February 17, 2025
  • Iranian president calls for negotiation and dialogue as nuclear talks continue

    May 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