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✇NYT > World News
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Trump Drops Plan to Tax Ships in Strait of Hormuz as Fighting with Iran Escalates

Par :Max Bearak · Jenny Gross and Michael Levenson
The president’s proposal to impose a fee on shipping in the Strait of Hormuz threatened to increase global energy prices.

© Doug Mills/The New York Times

President Trump scrapped a plan on Tuesday to impose a 20 percent fee on cargo passing through the Strait of Hormuz.
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