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Shipping Industry Warns of Repercussions from Trump's Tariffs on the Strait of Hormuz
Shipping industry officials have warned that Trump's proposal to impose a 20% fee on ships passing through the Strait of Hormuz could lead to a further decline in maritime traffic amid rising tensions between the United States and Iran. International companies and organizations have confirmed that imposing fees on this strategic corridor, which has recently seen a decrease in activity, could worsen the crisis and impact maritime security, with widespread objections arguing that such a fee violates the principles of the Law of the Sea and threatens freedom of navigation.
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