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Trump’s Canceled Plan to Charge a Toll in the Strait of Hormuz: What to Know

A day after President Trump announced a hefty 20 percent fee on cargo through the waterway, he reversed his decision.

© Doug Mills/The New York Times

President Trump on Tuesday retreated from his plan to levy a toll on ships passing through the Strait of Hormuz as a way for the United States to recover the cost of providing military protection to vessels using the waterway.
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