Former Minister of Commerce Wilber Ross separates the impact of definitions all over the world on “Kudlo”.
Israel announced on Tuesday that it raises all the definitions imposed on American products towards the Israeli Prime Minister Benjamin Netanyahu And other Israeli leaders.
Netanyahu said this step aims to develop more competition in the market, make the economy more diverse and reduce the cost of living for the people of Israel.
“In addition to the economic benefits of the economy and the citizens of Israel, this step will allow us to strengthen the alliance and relations between Israel and the United States,” Netanyahu said in a statement. “We will continue to work to remove barriers and definitions and enhance our own relationship with the United States.”
Israel announced the plan in a joint statement from Netanyahu, Israeli Finance Minister Bezallil Sottic, and the country’s Minister of Economy and Industry, Nir Barka, just one day before the president Donald Trump He was appointed to impose mutual definitions on American commercial partners.
Wall Street companies see the risk of recession increasing on customs duties and commercial war
President Donald Trump revives Israeli Prime Minister Benjamin Netanyahu upon his arrival at the White House on February 4, 2025, in Washington, DC. (Chip Somodevilla / Getty Images / Getty Images)
US The largest commercial partner in Israel The closest ally, with a 34 billion dollar trade in 2024, according to the office of the representative of trade in the United States.
Al -Halfan has signed a free trade agreement about 40 years ago, a deal that made about 99 % of goods from the United States tax exempt.
In an air view, operations are seen at the Houston Port of Power in Houston, Texas. President Donald Trump announced that he would impose a 25 % tariff on all imports of foreign steel and aluminum to the United States. (Photo by Brandon Bell / Getty Embers / Getty Erch)
Israeli officials said that this introductory reduction will apply to a “very limited number of products”, mainly food and agricultural imports.
“The current administration represents a real opportunity to form a new strategic economic future for the two countries while strengthening Israel’s central role as an economic partner.”
The founder of the Lonski John Lonski Group dismantles beyond the uncertainty in the market at “Maria Bartiromo’s Wall Street”.
Trump said he will reveal a set of tariffs on Wednesday, which was called “Liberation Day”. Promised definitions Trump It will come to a 25 % tariff on steel and aluminum imports, 25 % tariffs on imported goods from Canada and Mexico, and a 20 % tariff for goods from China.
Get Fox Business on the Go by clicking here
To date, Trump has not detailed the definitions on Wednesday, although he announced a 25 % tariff on car imports earlier this week, which is expected to be in effect late on Wednesday.
Anders Hagstrom of Fox News Digital contributed to this report.
https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2025/04/0/0/trump-netanyahu.jpg?ve=1&tl=1
Source link