Israel Lifts Tariffs on U.S. Imports to Boost Trade and Lower Costs
Israel announced on Tuesday that it is lifting all tariffs on U.S. products, a move directed by Prime Minister Benjamin Netanyahu and senior government officials. The decision aims to increase market competition, diversify the economy, and lower the cost of living for Israeli citizens • Read More
“In addition to the economic benefits, this step will further strengthen the alliance between Israel and the United States,” Netanyahu stated. “We will continue working to remove barriers and enhance our special relationship.”
The announcement, made jointly by Netanyahu, Finance Minister Betzalel Smotrich, and Economy Minister Nir Barkat, comes just one day before U.S. President Donald Trump is set to introduce reciprocal tariffs on trade partners.
The U.S. remains Israel’s largest trading partner and closest ally, with bilateral trade totaling $34 billion in 2024, according to the U.S. Trade Representative’s Office. The policy shift signals a commitment to deepening economic ties between the two nations.
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