Hope in Israel from Trump’s fees: 15% confused the trade exchange
I was surprised by the economic and political circles in Israel with the announcement of US President Donald Trump the percentage of customs duties announced on Israel’s exports and reached 15 percent.
& nbsp; His new comprehensive customs policy. Today, the Israeli, that negotiations on an agreement would include the imposition of customs duties by 10% about to end, but then the Americans withdrew.
within the framework; The newspaper & quot “Yediot Aharonot & quot; That until the last moments before the announcement, the Israeli government believed that the customs tariff for Israeli exports would be 10%; In line with the temporary customs tariff that was imposed a few months ago, and which would have given Israel an advantage over other countries. But this hope was dissipated overnight.
The newspaper added that Israeli officials believed that the final price was the fees; It will be linked to Israel’s willingness to end its continuous war for nearly two years on Gaza. Prime Minister Benjamin Netanyahu discussed the matter with Trump; During recent talks, the customs tariffs plan took place, and in those talks, Netanyahu called for a significant reduction in customs definitions, pointing to the state of continuous war in Israel. However, Trump’s latest decision; It indicates that the impact of these efforts was limited.
Israeli officials were confident that the final tariff would decrease to 10%; But the Israeli Ministry of Finance, which tried to reduce these fees, said that negotiations with the American administration are continuing. Mazer, to a level that expresses proximity and private relations between the two countries in all fields, including economics. It is expected that the talks with their American counterparts will continue in the coming weeks. In commercial relations and some partners failed to consider appropriately with the economic goals and national security of the United States. Specifically in commodity trade, Israel exports $ 20 billion annually to the United States, while importing $ 13 billion. US officials recorded a deficit of 7 billion dollars, which represents a 35% imbalance compared to the size of Israeli exports.
Israel and the United States have maintained a free trade agreement since 1985, aiming to remove commercial barriers and exempt almost all industrial goods from customs duties since 1995. However, some agricultural products have been subject to customs graphics from both The two sides. One day, on April 2, the United States announced the imposition of initial customs duties on Israeli exports.
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