Panama Canal Authority Clarifies No Free Passage for US Military Vessels Amid Controversy
On the evening of March 5, the Panama Canal Authority issued a statement in response to remarks made by a White House spokesperson regarding the free passage of US military vessels through the Panama Canal. The Authority reiterated that there have been no changes to the tolls or passage rights for the canal.
On February 5, the US State Department announced via social media that government vessels could now transit the canal without charge, claiming this would save the US government millions annually. The Panama Canal Authority quickly denied this assertion, firmly stating that no such arrangement had been made.
Panamanian President Laurentino Cortizo deemed the State Department's statement as "completely erroneous and unacceptable" during a press conference on February 6. He emphasized that Panama would not base its diplomatic relations on misinformation and demanded corrections from the US government.
Additionally, on March 5, President Cortizo took to social media to counter former President Donald Trump's claims that the US was "reclaiming" the Panama Canal, labeling such statements as "lies." Cortizo asserted that Panama has never negotiated such matters with Secretary of State Marco Rubio or any US representatives, rejecting what he called an insult to Panama's sovereignty.
In a speech to Congress on March 4, Trump stated, "To further strengthen our national security, my administration will reclaim the Panama Canal. We have already begun this process," criticizing the treaty signed during Carter's presidency that returned control of the canal to Panama.
2026-10-19
Trade Alert
Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)
Related News
-
TSMC, Samsung, and SK Hynix Scramble for Electronic-Grade Hydrofluoric Acid as High-End Supply Tightens; Some Suppliers Raise Prices by 30% This Year
-
“Amputation or Strategic Retreat?”: Shell’s Six-Year Chemical Losses and the Quiet Unwinding of an Empire
-
Tinci Materials Calls Off 2.65 Billion Yuan Project as Electrolyte Giant Shifts Strategy
-
“The 40-Year Ethylene Giant Collapses”: ExxonMobil’s Premature Shutdown Is Not Just Scotland’s Tragedy—It’s the Twilight Elegy of European Industrial Civilization
-
Eastern Shenghong Projects First-Half Profit of 5 Billion Yuan – A Collective Turnaround for the Four Major Private Refiners? Is the Chemical Sector Rebounding?
-
U.S.-Iran Détente Triggers Oil Price Plunge, Energy and Chemical Sectors Tumble
-
Sulfur Price Hits 7,633 CNY/Ton, Up Nearly Sixfold in a Year and a Half; Domestic Refining Giants Halt New Orders Due to Tight Supply
-
Indian Immunologicals Pushes Back on “Fake Vaccine” Claims Amid Global Supply Chain Scrutiny
-
Obesity Drugs Become Pharma’s Most Powerful Growth Engine
-
Substandard Drug Findings Expose Deep Structural Gaps in Medicine Quality Control
Recommend Reading
-
India Launches Concentrated Anti-Dumping Actions Against Eight Categories of Chinese Chemicals, Covering APIs/Intermediates, Polyurethanes, and Refrigerants
-
New Ocean Freight GRI Takes Effect on Asia, Middle East and Africa Routes to U.S. and Canada
-
From Fungus to Food: EFSA Greenlights Rhizomucor pusillus Biomass as Safe Novel Ingredient
-
Sun-Kissed Insect Oil? EFSA Approves UV-Treated Mealworm Fat as Safe—and Vitamin D-Rich—Novel Food
-
Triple Shield, Zero Risk: EFSA Declares Stacked GM Cotton Safe for Food, Feed, and Environment
-
Business Society’s Acrylic Acid Trend Analysis for September 16, 2026: Strong Consolidation
-
Business Society September 16, 2026 Hydrofluoric Acid Trend Analysis: Fluctuating Trend
-
Business Society’s Lithium Carbonate Trend Analysis for September 16, 2026: Clearly Downward
-
Business Society’s DOP Trend Analysis for September 16, 2026: Volatile with a Slight Bullish Bias
-
Business Society’s Trend Analysis for Hydrofluoric Acid on September 15, 2026: Weak Fluctuations with a Bearish Bias