Israel raises all tariffs to US imports-Diepresse.com
The step is in front of the expected, comprehensive counter -tariffs from the United States to worldwide imports. Israel now expects not to be affected.
Shortly before the expected announcement, Israel has lifted all taxes on imports from the United States to worldwide imports. This was announced by the government in Jerusalem on Tuesday. The necessary signature by Economic Minister Nir Barkat and the approval of the Finance Committee in Parliament are a matter of form.
Since no customs fees are already being charged to 98 percent of all US imports in Israel, tariffs in volume of around eleven million dollars are affected by the measure. Israel now expects not to be affected by any of the announced customs increases. US President Donald Trump plans to announce « reciprocal tariffs » on Wednesday, that is, mutual tariffs, against almost all trading partners.
Netanyahu: Will strengthen alliance with the USA
The abolition of tariffs will promote competition and reduce living costs, said Prime Minister Benjamin Netanyahu. « In addition to the economic advantages for the economy and the citizens of Israel, the current step will enable us to further strengthen the alliance and the relationships between Israel and the United States. » The United States is Israel’s largest trading partner and the closest of allies with a bilateral trading volume of $ 34 billion in 2024. The two countries signed a free trade agreement 40 years ago. The agricultural sector was particularly affected by the tariffs that have now been canceled. (APA/Reuters)
