Trump Scraps His Own 20% Hormuz Toll After One Announcement
He replaced the fee with unnamed 'Trade and Investment Deals' in the same post, naming no countries, terms or figures.
- Posted July 14, 2026, 11:04am EDT on Truth Social, no Treasury or White House statement attached.
- The post calls the killed policy the 'United States Reimbursement Fee,' not a tariff.
- The 20% charge on Hormuz cargo had been announced only days before this reversal.
Why it matters: One man announced a global shipping tax and canceled it, with no institution ever asked to vote.
Donald J. Trump, Truth Social post (ID 116918941071241802) ↗ · Jul 14, 20267/14/26 · ✓ Checked✓ Check