Gulf allies’ backroom pressure campaign forces Trump to reverse tax on Strait of Hormuz

President Donald Trump’s proposal to implement a 20% tax on goods transiting the Strait of Hormuz was met with backroom pressure from the U.S.’s Gulf allies, contributing to the White House’s reversal just a day later. Trump’s declaration on Monday that the United States would be “known as ‘THE GUARDIAN OF THE HORMUZ STRAIT,'” and…