Economists see opportunity for Gulf countries amid tariffs

Economists see opportunity for Gulf countries amid tariffs

Analysts indicate that low US tariffs for Gulf countries may attract international companies, but others caution that global tariffs could threaten vital oil income and raise consumer goods costs.

Gulf Economies and the Tariff Storm

On April 9, President Donald J. Trump announced a 90-day pause on reciprocal tariffs – except for those on China – that emerged as part of his “Liberation Day” tariff hike announcement a week earlier. Over that week, markets swooned, and oil prices dropped precipitously. A baseline 10% tariff on imported goods, sectoral tariffs, and exemptions remain in place. Meanwhile, the trade war between the United States and China continues to escalate. Gu…

Mideast Stocks: Most Gulf markets fall as US tariff concerns resurface

Dubai's main share index, however, added 0.2%, with blue-chip developer Emaar Properties rising 0.8%