U.S. Central Command (CENTCOM) has announced that beginning on Monday, April 13 at 10:00AM Eastern Time, in accordance with the proclamation issued by President Donald J. Trump, the U.S. Navy and other military forces will begin a blockade against vessels of all nations entering or departing Iranian ports and coastal areas, including all Iranian ports on the Persian Gulf and Gulf of Oman. CENTCOM additionally states that the blockade will not impede freedom of navigation for vessels transiting to and from Non-Iranian ports via the Strait of Hormuz.
DEAN: What's the tariff on bananas?
LUTNICK: Generally 10%
DEAN: Walmart has already increased the cost of bananas by 8%
LUTNICK: If you build in America, there is no tariff
DEAN: We cannot build bananas in America