Axios: Trump walks back Hormuz fee

Trump walks back Hormuz fee
 
Illustration of a torn hundred dollar bill in the shape of the Strait of Hormux
Illustration: Sarah Grillo/Axios. Stock: Getty Images
 
President Trump today walked back his plan to collect a 20% toll from ships transiting the Strait of Hormuz, Axios’ Barak Ravid reports.
Instead, Trump said, Gulf states would make major investments in the U.S.

🤳 Trump wrote on Truth Social: “Based on highly productive conversations with Middle East leadership, I have decided to replace the 20% United States Reimbursement Fee with Trade and Investment Deals that the various Gulf States will be making into the United States.

Trump later told reporters that he received calls from “kings and emirs” asking him not to impose tolls in the Strait of Hormuz.

The president said: “I don’t think anybody should charge a fee for the strait or any other strait in the world.”

“I don’t like the concept of a fee, but at the same time it is not fair that we are protecting this strait for the entire world … and we are not somehow compensated.”

💰 Reality check: Saudi Arabia, Qatar, the UAE and Bahrain had already committed to investing more than $2 trillion in the U.S. over the next several years — even before the war with Iran.

Trump said in his post that the Gulf countries will make “new Investments” that “will make that Number even larger.”

⚓️ Trump made his comments several hours before a U.S. naval blockade on Iran comes into effect, and amid exchanges of fire between the U.S. and Iran in the Strait of Hormuz for the fourth day in a row.

Trump wrote: “The Strait of Hormuz is open to ALL Ship traffic except for Iran — and that is because of their lying, violent, malicious leadership, which is taking them down the path of TOTAL DESTRUCTION.”

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About michelleclarke2015

Life event that changes all: Horse riding accident in Zimbabwe in 1993, a fractured skull et al including bipolar anxiety, chronic fatigue …. co-morbidities (Nietzche 'He who has the reason why can deal with any how' details my health history from 1993 to date). 17th 2017 August operation for breast cancer (no indications just an appointment came from BreastCheck through the Post). Trinity College Dublin Business Economics and Social Studies (but no degree) 1997-2003; UCD 1997/1998 night classes) essays, projects, writings. Trinity Horizon Programme 1997/98 (Centre for Women Studies Trinity College Dublin/St. Patrick's Foundation (Professor McKeon) EU Horizon funded: research study of 15 women (I was one of this group and it became the cornerstone of my journey to now 2017) over 9 mth period diagnosed with depression and their reintegration into society, with special emphasis on work, arts, further education; Notes from time at Trinity Horizon Project 1997/98; Articles written for Irishhealth.com 2003/2004; St Patricks Foundation monthly lecture notes for a specific period in time; Selection of Poetry including poems written by people I know; Quotations 1998-2017; other writings mainly with theme of social justice under the heading Citizen Journalism Ireland. Letters written to friends about life in Zimbabwe; Family history including Michael Comyn KC, my grandfather, my grandmother's family, the O'Donnellan ffrench Blake-Forsters; Moral wrong: An acrimonious divorce but the real injustice was the Catholic Church granting an annulment – you can read it and make your own judgment, I have mine. Topics I have written about include annual Brain Awareness week, Mashonaland Irish Associataion in Zimbabwe, Suicide (a life sentence to those left behind); Nostalgia: Tara Hill, Co. Meath.
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