Trump dismisses threat to charge 20% tariff on Hormuz cargo as US prepares to resume blockade of Iran ports0

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• July 14, 2026

President Donald Trump has reversed his threat to impose a 20% tariff on all cargo transportation through the Strait of Hormuz, as the United States fights to break Iran’s control over the waterway. He said the toll would be replaced by trade and investment deals with Gulf states, just hours before the United States resumes