Trump Abandons Hormuz Toll Proposal

President Trump announced on Tuesday that he would scrap his proposal yesterday for a 20 percent tolling fee on cargo transiting the Strait of Hormuz, and would instead pursue trade and investment deals with Gulf states. Trump made the pitch a day ago as part of efforts to unlock commercial shipping

Hundreds of economics and artificial intelligence researchers warned Monday that institutions must begin preparing for the potential economic upheaval AI could unleash, while putting many jobs at risk. The open letter, signed by Nobel laureates, top computer scientists and technology executives, inc

President Trump on Tuesday walked back his demand for collecting a 20% toll from ships that transit through the strait of Hormuz — and instead said Gulf states would make major investments in the U.S.