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, which amounts to about $11.4 million annually, according to the Israeli Finance Ministry.
- Israeli Prime Minister Benjamin Netanyahu stated that removing customs duties will strengthen Israel's ties with the US and is part of a decade-long effort to increase market competition and lower the cost of living.
- This decision requires approval from the Knesset’s Finance Committee, although most American goods are already duty-free in Israel.
- The announcement was made just before former US President Donald Trump's planned introduction of new tariffs on April 2.
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67 Articles
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