U.S. President Donald Trump reverses course on a proposed levy tied to shipping through the Strait of Hormuz, after announcing it for public introduction only a day earlier. Multiple outlets report that Trump had proposed a “United States Reimbursement Fee” of 20% on cargo passing through the strategic waterway. He now says the United States will not impose the fee and instead will pursue “Trade and Investment Deals” with Gulf states.

The shift is presented as a pivot following what Trump describes as “highly productive conversations” with Middle East leadership. According to the reports, Trump previously framed the United States as a security “guardian” of the Strait and linked the fee to compensation for that role. Several sources also describe the timing of the reversal as abrupt, with the new position announced roughly 24 hours after the earlier announcement.

While the outlets differ mainly in wording and emphasis, they agree on the core points: the 20% toll plan is withdrawn, Trump attributes the change to discussions with Gulf leadership, and the replacement approach centers on bilateral investment and trade arrangements with Persian Gulf states.