Israel eliminates remaining tariffs on US goods ahead of Trump move
- Israel announced the elimination of all remaining tariffs on imports from the United States, requiring approval from the Knesset's Finance Committee before implementation.
- The decision relates mostly to agricultural products and amounts to 42 million shekels, or about $11.4 million, annually.
- Israeli Prime Minister Benjamin Netanyahu stated that removing customs duties would strengthen economic ties with the US and lower the cost of living.
- This announcement coincided with former US President Donald Trump's introduction of new tariffs on American trade partners, labeled as 'Liberation Day' by Trump.
61 Articles
61 Articles
Israel to formulate 'necessary steps' in response to US tariffs - Finance Minister
Israeli Finance Minister Bezalel Smotrich on Thursday said he was convening ministry officials to formulate a course of action to protect Israel’s economy. This was after the decision of the US President Donald Trump to impose tariffs on exports. As part of a sweeping new tariff policy, Israeli goods exports to the United States will be subject to a 17% tariff. According to Smotrich, he would discuss with ministry officials, after speaking with …
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