Unique Crypto Strategies
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

Unique Crypto Strategies

Politics

Panama eliminates charge fees for US government vessels to use the canal

by February 6, 2025
February 6, 2025
Panama eliminates charge fees for US government vessels to use the canal

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
FacebookTwitterGoogle +Pinterest
previous post
More than 150 female inmates raped and burned to death during Goma jailbreak in DRC, UN says
next post
Group Eleven Intersects 15.6m of 11.6% Zn+Pb, 122 g/t Ag and 0.19% Cu, incl. 3.5m of 21.3% Zn+Pb, 395 g/t Ag and 0.73% Cu at Ballywire; Silver and Copper Values Continue to Impress

You may also like

DOGE joins budget battle on side of Defense...

Top federal agency takes DOGE’s mission to heart...

Trump nominees Collins, Stefanik to face senate grilling...

Trump and Zelenskyy war of words heats up...

American among 3 detainees released from Belarus

Greenland’s prime minister says island cannot be bought,...

House Republicans worry even Trump can’t save them...

Ukraine to analyze fragments of missile fired by...

Karine Jean-Pierre reveals mom’s cancer diagnosis — and...

Trump’s tariff threats go beyond ‘trade agreement’ to...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Cardiex Completes Placement & Launches Entitlement Offer

    • CDX May Investor Presentation

    • President Trump teases ‘last day, but not really’ for Elon Musk at DOGE: Oval Office presser set for Friday

    • Trump denounces court’s ‘political’ tariff decision, calls on Supreme Court to act quickly

    • Nuvau Minerals Inc. Announces Grant of Options

    Categories

    • Business (477)
    • Investing (2,264)
    • Politics (3,709)
    • Uncategorized (1)
    • World (2,387)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: uniquecryptostrategies.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 © 2024 uniquecryptostrategies.com | All Rights Reserved


    Back To Top