Trump reverses 20% Strait of Hormuz shipping fee one day later

Just one day after proposing a 20% fee for vessels navigating the Strait of Hormuz, US President Donald Trump has scrapped the plan. In a statement shared on Truth Social, he explained, "I have decided to replace the 20% United States Reimbursement Fee with trade and investment deals that the various Gulf States will be making into the United States."

by shortkt.com
4 hours ago
Trump reverses 20% Strait of Hormuz shipping fee one day later | ShortKT