Donald Trump announced that he is canceling the 20% retaliatory tariffs he had announced less than 24 hours earlier, saying that the tariffs will be replaced by “trade agreements”.

“Based on extremely productive discussions with Middle Eastern leaders, I have decided to replace the U.S. 20% compensation fee with trade and investment agreements that various Gulf states will enter into with the U.S.," Trump stated in a post on Truth Social.

ΣΧΕΤΙΚΑ ΑΡΘΡΑ

08.10.2026 16:27

Tension in the committee on internal affairs: The ministers of the interior and defense disagree on civil protection

08.10.2026 16:22

Torture in pyla: Criminal court rules “no” for the 48-Year-Old; when is the hearing scheduled?

Yesterday, the U.S. president announced that his country is reinstating the naval blockade against Iran and referred to the imposition of a fee that the United States will collect, equivalent to “20% of the value of the cargo” on ships wishing to transit the Strait of Hormuz.