President Donald Trump backtracked on his stated plan to charge a 20% toll on cargo ships in the Strait of Hormuz and Gulf states will invest.

Trump plans U.S. control of the Strait of Hormuz and a 20% cargo fee. Traffic normalization by August 31 at 15.5% YES.

The US will charge a 20% fee on all cargo shipped through the Strait of Hormuz, as announced by President Trump to ensure safety in the volatile region.

President Donald Trump on Tuesday reversed course on his earlier proposal for the US to levy a 20% fee on all cargo flowing through the Strait of Hormuz

The president abandoned plans to charge fees for policing the Strait of Hormuz in lieu of inking new trade deals with Gulf states.