Trump withdraws planned 20% levy on Hormuz ships, calls for trade deals with Gulf countries instead
- Posted on July 14, 2026
- By The Hindu
- 1 Views
- 1 min read
President Trump reverses his controversial proposal for a 20% tariff on maritime vessels transiting the Strait of Hormuz, shifting focus toward bilateral commercial partnerships with Gulf Cooperation Council nations instead. This policy pivot reflects a strategic realignment in Middle East relations, prioritizing economic cooperation over protectionist measures while addressing regional security concerns amid escalating Iran tensions. The decision emphasizes negotiated trade agreements as a mechanism for strengthening ties with key Gulf allies.
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