Trump Imposes 17% Tariff on Israeli Imports, Outpacing Duties on Iran

The new tariffs, part of a sweeping trade policy, target Israel despite its recent removal of tariffs on U.S. goods, raising economic and geopolitical concerns.

• The Trump administration has implemented a 17% tariff on Israeli imports, higher than the 10% tariff imposed on Iran, a major U.S. adversary.
• Israel had abolished tariffs on U.S. goods just one day prior in an effort to avoid such measures, leaving officials shocked and dismayed.
• The tariffs are expected to disrupt Israel's economy, with potential job losses, hiring freezes, and increased costs, particularly in the high-tech and manufacturing sectors.
• Critics have called the tariffs a betrayal of a key U.S. ally, with some comparing them to a de facto boycott aligning with the goals of the BDS movement.
• The broader tariff policy, calculated based on trade deficits rather than barriers, has sparked fears of global recession and is projected to cost Americans $1.8 trillion over the next decade.

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