Watch: Trump says he will drop Hormuz fee for trade with Gulf states

Watch: Trump says he will drop Hormuz fee for trade with Gulf states US President Donald Trump announced on Tuesday that the US will make trade and investment deals with the Gulf states instead of the 20 percent levy he previously proposed for ships to pass through the Strait of Hormuz. “The Gulf states are going to invest a tremendous amount of money into the United States. ” Donald Trump said that the US will make investment deals with the Gulf states instead of the 20 percent levy he previously proposed for ships to pass through the Strait of Hormuz pic.