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Trump Flip-Flops Create New Risks for Global Economy

July 15, 2026 · 5:40 am ET · Leave a Comment

“One day after proposing a fee for ships transiting the Strait of Hormuz, President Trump on Tuesday said the United States would instead guarantee safe passage to vessels from Persian Gulf states that agree to invest in the United States,” the New York Times reports.

“It’s not clear how Mr. Trump’s plans would play out, and the president’s latest comments left questions unanswered.”

“But the flip-flop shows how far the debate over the strait, the vital waterway in the Middle East, has strayed from longstanding practices in the shipping industry and underscores the level of unpredictability that businesses working in the region are facing as the conflict between the United States and Iran lurches back to war.”

Economy, Foreign Affairs, White House

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← PreviousChina’s Economy Grows at Weakest Pace Since 2022Next →Trump Floats U.S. Pipelines as Hormuz Alternative

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Taegan Goddard

Taegan Goddard

Taegan Goddard is the founder of Political Wire -- which for more than two decades has been one of the nation's most influential political news sites.

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