{"id":18586,"date":"2025-04-01T20:22:18","date_gmt":"2025-04-01T17:22:18","guid":{"rendered":"https:\/\/reganews.co.il\/en\/?p=18586"},"modified":"2025-04-01T20:22:18","modified_gmt":"2025-04-01T17:22:18","slug":"final-u-s-import-tariffs-lifted-to-strengthen-trade-and-ease-prices","status":"publish","type":"post","link":"https:\/\/reganews.co.il\/en\/final-u-s-import-tariffs-lifted-to-strengthen-trade-and-ease-prices\/","title":{"rendered":"Final U.S. Import Tariffs Lifted to Strengthen Trade and Ease Prices"},"content":{"rendered":"<p>Israel officially announced today (Tuesday) the elimination of all customs duties previously imposed on imports from the United States\u2014Israel\u2019s largest and most important trading partner. The move was carried out under the direction of Prime Minister Benjamin Netanyahu, Finance Minister Bezalel Smotrich, and Minister of Economy and Industry Nir Barkat. Following approval by the Knesset Finance Committee and the minister\u2019s official signature, the amendment to the Import Duties and Safeguards Order will take effect, lifting tariffs on all goods imported from the U.S.<\/p>\n<p><strong>Israel\u2019s Most Important Trade Partner<\/strong><\/p>\n<figure id=\"attachment_18589\" aria-describedby=\"caption-attachment-18589\" style=\"width: 800px\" class=\"wp-caption alignnone\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-18589 size-large\" src=\"https:\/\/reganews.co.il\/en\/wp-content\/uploads\/2025\/04\/money2-1024x682.jpeg\" alt=\"\" width=\"800\" height=\"533\" srcset=\"https:\/\/reganews.co.il\/en\/wp-content\/uploads\/2025\/04\/money2-1024x682.jpeg 1024w, https:\/\/reganews.co.il\/en\/wp-content\/uploads\/2025\/04\/money2-300x200.jpeg 300w, https:\/\/reganews.co.il\/en\/wp-content\/uploads\/2025\/04\/money2-768x512.jpeg 768w, https:\/\/reganews.co.il\/en\/wp-content\/uploads\/2025\/04\/money2-1536x1023.jpeg 1536w, https:\/\/reganews.co.il\/en\/wp-content\/uploads\/2025\/04\/money2.jpeg 1600w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><figcaption id=\"caption-attachment-18589\" class=\"wp-caption-text\">President Trump and Prime Minister Netanyahu in the Oval Office | Photo: Avi Ohayon, GPO<\/figcaption><\/figure>\n<p><strong>Most U.S. Goods Already Exempt from Duties<\/strong><br \/>\nAccording to government data, Israeli exports to the U.S. in 2024 totaled $17.3 billion in goods and an estimated $16.7 billion in services. Figures from the Tax Authority and the Ministry of Finance\u2019s Chief Economist Division show that Israel collects just 42 million shekels per year in customs revenue from U.S. imports\u2014most of it from agricultural goods.<\/p>\n<p>Since the 1985 U.S.-Israel Free Trade Agreement, the vast majority\u2014about 99%\u2014of American imports have already been fully exempt from customs duties. This latest move affects only a small number of remaining products, primarily within the food and agricultural sectors.<\/p>\n<figure id=\"attachment_18590\" aria-describedby=\"caption-attachment-18590\" style=\"width: 800px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-18590 size-full\" src=\"https:\/\/reganews.co.il\/en\/wp-content\/uploads\/2025\/04\/money3.jpg\" alt=\"\" width=\"800\" height=\"533\" srcset=\"https:\/\/reganews.co.il\/en\/wp-content\/uploads\/2025\/04\/money3.jpg 800w, https:\/\/reganews.co.il\/en\/wp-content\/uploads\/2025\/04\/money3-300x200.jpg 300w, https:\/\/reganews.co.il\/en\/wp-content\/uploads\/2025\/04\/money3-768x512.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><figcaption id=\"caption-attachment-18590\" class=\"wp-caption-text\">Israeli supermarket | Photo: Nati Shohat\/FLASH90<\/figcaption><\/figure>\n<p>While the immediate change is limited in scope, lifting the remaining tariffs could pave the way for expanding the U.S.-Israel trade agreement and deepening the strategic relationship between the two countries. It also holds promise for Israeli consumers, potentially reducing the cost of living by allowing more food and agricultural products to be imported from the U.S. without tariffs.<\/p>\n<p><strong>Smotrich: \u201cLowering Taxes Will Help Fight the Cost of Living\u201d<\/strong><br \/>\nPrime Minister Benjamin Netanyahu said of the reform: \u201cBeyond the economic benefits for Israel\u2019s economy and its citizens, this move will further strengthen the alliance and ties between Israel and the United States.\u201d<\/p>\n<p>Finance Minister Bezalel Smotrich added: \u201cThe current administration presents a real opportunity to shape a new strategic economic future for both countries, while reinforcing Israel\u2019s role as a key economic partner. Lowering taxes will benefit the people of Israel, support the government\u2019s efforts to reduce the cost of living, and increase competition in the food sector.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Israel has removed all remaining tariffs on products imported from the United States, its largest trading partner. Finance Minister Smotrich: \u201cLowering taxes will help in the fight against the cost of living.\u201d<\/p>\n","protected":false},"author":36,"featured_media":18588,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,5,9,2563,85,65],"tags":[2210,2176,3628,3629,3626,3627,3623,1831,3624,3625,2396],"class_list":["post-18586","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-culture","category-economy","category-food","category-knesset","category-positive-moment","category-world","tag-benjamin-netanyahu","tag-bezalel-smotrich","tag-customs-reform","tag-economic-strategy","tag-free-trade","tag-import-policy","tag-import-reform","tag-israeli-economy","tag-israel-u-s-trade","tag-tariff-reform","tag-united-states"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.7 (Yoast SEO v24.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Final U.S. Import Tariffs Lifted to Strengthen Trade and Ease Prices - REGA news<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Final U.S. Import Tariffs Lifted to Strengthen Trade and Ease Prices\" \/>\n<meta property=\"og:description\" content=\"Israel has removed all remaining tariffs on products imported from the United States, its largest trading partner. 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