Israel Removing Tariffs On US Goods

[The Sundance Kid]

• Summary

• Decision aims to strengthen economic ties with US and lower living costs in Israel
• Comes on eve of Trump's expected imposition of reciprocal tariffs on global trading partners
• Israeli agriculture ministry may compensate local farmers affected by tariff removal

JERUSALEM, April 1 (Reuters) - Israel has cancelled its remaining tariffs on imports from the United States, officials said on Tuesday, a day before the Trump administration hits global trading partners with reciprocal levies.
The move still needs a final signature from Economy Minister Nir Barkat and parliament's finance committee - both expected - but once done "tariffs on all imports from the United States will be cancelled," the prime minister's office said.

 

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