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Reich slams Trump's 20% Hormuz fee, warns war.

7/14/2026

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Story summary
  • Former Labor Secretary Robert Reich calls President Donald Trump’s 20% Strait of Hormuz fee a politically driven risk of war.
  • President Donald Trump announced the fee after Iran imposed its own charges, causing prices to rise 5% and raising costs for Americans.
  • Former Labor Secretary Robert Reich says agreement gave Iran control of strait and urges voters to replace members and pass resolution revoking president’s war-making authority before November elections.