Trump Shelves 20% Fee for Hormuz Cargo Shipments
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President Donald Trump backed away from his plan to impose a 20% charge on cargo shipments through the Strait of Hormuz, just one day after rolling out the fee, after US allies in the Gulf urged him to drop it. Trump spoke Tuesday in the Oval Office. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Tags: Business, Donald Trump, Hormuz, Iran, Markets, Mideast, Politics, Shipping, Strait of Hormuz, Trade, War, White House, gulf countries
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