Hapag-Lloyd, commenting on Trump's desire to impose tariffs on the Strait of Hormuz: Imposing tariffs on passage through international waters would be a grave mistake.

July 14 (Reuters) - German shipping company Hapag-Lloyd said on Tuesday that imposing fees for transiting international waters "would be a grave mistake," after U.S. President Donald Trump said he would reimpose a naval blockade on Iran and impose a 20 percent fee on all shipments passing through the Strait of Hormuz.

The company told Reuters that it could not accurately determine the financial impact of the tension in the Gulf region on its business.


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