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<title>Trump Backs Down on 20% Fee For Strait of Hormuz, Day After Announcing It</title>
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<description>President Donald Trump took back his 20% fee on all cargo transported through the Strait of Hormuz on Tuesday, some twenty-four hours after first making the surprise announcement. In yet another yo-yo move of his tariff and trade policy, Trump claimed that he will replace the transit fee on the Strait with &#x26;#x201C;trade and investment deals&#x26;#x201D; for individual countries using the key energy hub. &#x26;#x201C;Oil is flowing like never before, thanks to the awesome Power of the United States Military. A special salute to Secretary of War, Pete Hegseth, Chairman of the Joint Chiefs of Staff, Dan Caine, and Commander...</description>
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