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President Donald Trump Backtracks on 20% Toll Proposal for Strait of Hormuz

Gallinews India
July 15, 2026
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President Donald Trump Backtracks on 20% Toll Proposal for Strait of Hormuz
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President Donald Trump Backtracks on 20% Toll Proposal for Strait of Hormuz

US President Donald Trump withdrew his proposal on Tuesday to impose a 20 percent cargo levy on ships passing through the Strait of Hormuz… President Trump stated that, instead, major trade and investment agreements would be pursued with Gulf nations, which would prove far more beneficial for the US… Trump wrote on his social media platform, Truth Social, that he had changed his decision to impose the 20 percent US levy following “very positive discussions” with Middle Eastern leaders…

Gallinews India

Gallinews India

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