Overview
- President Trump announced on Truth Social that U.S. military and commercial ships should transit the Panama and Suez Canals without paying tolls.
- Trump instructed Secretary of State Marco Rubio to finalize agreements ensuring toll-free access for American vessels through both canals.
- The Panama Canal, built by the U.S. in the early 1900s and handed over in 1999, remains vital for U.S. trade, handling 40% of U.S. container traffic annually.
- Defense Secretary Pete Hegseth recently announced a U.S.-Panama framework for 'first and free' warship transit, emphasizing the canal's strategic importance.
- The U.S. continues military strikes on Houthi targets to restore secure navigation in the Suez Canal, disrupted by attacks that have impacted global trade.