On Tuesday (1) Israel agreed to eliminate all customs tariffs on goods from the United States, according to a statement issued by the office of the Israeli Prime Minister, Benjamin Netanyahu, in conjunction with the ministries of finance, economy and industry.
The observation describes the United States as the closest ally and “the most important commercial partner” for Israel. According to the Israeli government, about 99 % of American products were already free of customs tariffs, within the scope of the American Trade Agreement of Israel, and the complete exemption from a limited number of products, especially food and imports, should not benefit.
The decision to exempt American goods occurs on the eve of the announcement of the mutual tariff “against all countries” that US President Donald Trump has promised as a response to what the Republican classifies as “unfair treatment” in commercial relations.
Trump claims that other countries have much higher rates than the United States, as well as other measures that would be responsible for deepening the American financial deficit.
By 2024, Israeli exports to the United States were calculated at $ 17.3 billion, and these services are estimated at 16.7 billion dollars, according to the Israeli government.
“Reducing customs tariffs will expand the American Trade and Israel Agreement and enhance bilateral strategic relations, and contains promises to Israeli consumers to reduce the cost of living as much as possible.”
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