Trump announced the levies Wednesday as part of his "reciprocal tariffs" policy, though Israel had lifted all tariffs on US imports a day earlier." />
Friday, Apr 18 2025 | Time 12:41 Hrs(IST)
World


Israel's industry body warns of US tariffs' impact on trade

Jerusalem, Apr 3 (UNI) The Manufacturers Association of Israel (MAI) on Thursday voiced concern over US President Donald Trump's decision to impose a 17 percent tariff on Israeli goods, calling it a "worrying step for Israeli exporters."
Trump announced the levies Wednesday as part of his "reciprocal tariffs" policy, though Israel had lifted all tariffs on US imports a day earlier.
Expressing surprise in a statement, the industry body said that 99 percent of US goods entering Israel were already tariff-free before the policy shift. It warned that the new policy could harm Israel's economic stability, deter foreign investment, and weaken Israeli companies' competitiveness in the US market.
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