President Donald Trump reverses course on a proposed 20% cargo fee for ships transiting the Strait of Hormuz, which had been floated as a “United States Reimbursement Fee.” Multiple outlets report that Trump withdraws the plan after about one day, saying the United States will “replace” the fee with trade and investment deals that Gulf states will make with the U.S. The earlier proposal came alongside Trump messaging that the U.S. would act as a “guardian” of the waterway and seek reimbursement for safeguarding cargo, following a statement about “reinstating” an “Iranian blockade.” Several reports characterize the reversal as a U-turn. They also cite Trump attributing the change to “highly productive conversations with Middle East leadership.” While the outlets differ mainly in framing and wording, they converge on the core development: the 20% fee is abandoned, and the administration instead turns to negotiated commercial arrangements with Gulf countries as compensation for security-related concerns involving the strategic chokepoint.
Trump drops proposed 20% Strait of Hormuz cargo fee, seeking Gulf trade and investment deals
President Donald Trump reverses course on a proposed 20% cargo fee for ships transiting the Strait of Hormuz, which had been floated as a “United States Reimbursement Fee.” Multiple outlets report tha...
- Trump withdraws a proposed 20% fee for cargo ships transiting the Strait of Hormuz.
- Trump says the fee will be replaced by trade and investment deals with Gulf states.
- The reversal follows only about a day after Trump announced the fee plan.
- Trump links the change to conversations with Middle East leadership.
- Earlier statements described the U.S. as a “guardian” of the Strait and framed the fee as reimbursement for security.
Trump said the Strait of Hormuz will remain open to global shipping, except for vessels linked to Iran
50 minutes agoPresident Donald Trump backed away from his plan to impose a 20% charge on cargo shipments through the Strait of Hormuz after US allies in the Gulf urged him to drop it.
1 hour agoUS President Donald Trump on Tuesday abruptly scrapped a planned 20 percent levy on ships transiting the Strait of Hormuz amid clashes with Iran, saying he would instead seek compensation from Gulf allies via trade deals. That announcement caused oil prices to spike and alarmed allies -- especially given that the United States has previously slammed Iran for its own plans to charge shipping fees for the Strait.
1 hour agoUS President Donald Trump on Tuesday abandoned plans to impose a 20 per cent charge on commercial cargo passing through the Strait of Hormuz, less than a day after unveiling the proposal, while pressing ahead with a naval blockade targeting Iranian trade. Trump said the proposed fee would be replaced by trade and investment agreements with Gulf states following discussions with regional leaders. “Based on highly productive conversations with Middle East leadership, I have decided to replace the...
1 hour agoTrump scraps threat of 20% fee on Hormuz cargo as US prepares to resume blockade of Iran ports BBCBrinkmanship in the Strait of Hormuz Financial TimesIran lawmakers present Hormuz management bill as US war heats up Al JazeeraDonald Trump has no good options for reopening the Strait of Hormuz The EconomistTrump drops threat of strait of Hormuz tolls, saying Gulf states agreed ‘massive’ US investment instead – Middle East crisis live The Guardian
2 hours agoPresident Trump is reacting after walking back a plan to impose a 20% fee on cargo ships transiting the Strait of Hormuz. Mr. Trump said his reversal comes after several allies brokered trade deals with the U.S.
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