{"id":18749,"date":"2025-04-03T10:41:24","date_gmt":"2025-04-03T07:41:24","guid":{"rendered":"https:\/\/reganews.co.il\/en\/?p=18749"},"modified":"2025-04-03T10:41:24","modified_gmt":"2025-04-03T07:41:24","slug":"trump-announces-new-tariff-plan-hitting-60-countries-including-israel","status":"publish","type":"post","link":"https:\/\/reganews.co.il\/en\/trump-announces-new-tariff-plan-hitting-60-countries-including-israel\/","title":{"rendered":"Trump Announces New Tariff Plan, Hitting 60 Countries\u2014Including Israel"},"content":{"rendered":"<p>The announcement comes just days after Israel declared the removal of customs duties on U.S. imports, a goodwill gesture that now stands in stark contrast to the Trump administration\u2019s escalating trade measures.<\/p>\n<p><strong>A Trade Shift That Could Hit Israeli Exports<\/strong><br \/>\nIsrael, a longtime U.S. ally with strong economic ties to Washington, now finds itself on a growing list of countries facing elevated import taxes under Trump\u2019s &#8220;America First&#8221; trade agenda. The 17% levy is a substantial increase that could impact sectors ranging from technology and pharmaceuticals to agriculture.<\/p>\n<p>The United States is Israel\u2019s largest single trading partner. In 2024 alone, Israeli goods exports to the U.S. totaled $17.3 billion, with services exports reaching an additional $16.7 billion. Despite a 1985 bilateral agreement that already exempted about 99% of Israeli exports from U.S. tariffs, the new measure could affect the remaining categories \u2014 particularly agricultural and food products \u2014 and potentially unravel parts of the existing free-trade dynamic.<\/p>\n<blockquote class=\"twitter-tweet\" data-media-max-width=\"560\">\n<p lang=\"zxx\" dir=\"ltr\"><a href=\"https:\/\/t.co\/CdTzF2sfMZ\">https:\/\/t.co\/CdTzF2sfMZ<\/a><\/p>\n<p>&mdash; Donald J. Trump (@realDonaldTrump) <a href=\"https:\/\/twitter.com\/realDonaldTrump\/status\/1907525286150754745?ref_src=twsrc%5Etfw\">April 2, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<strong>Tariffs Target Global Trade, Allies and Rivals Alike<\/strong><br \/>\nWhile Israel\u2019s 17% tariff falls on the lower end of the new scale, the broader plan will see steep tariffs imposed on nations like China (34%), India (26%), South Korea (25%), and the European Union (20%). In contrast, countries such as the UK, Egypt, Saudi Arabia, and Lebanon will face a 10% tariff.<\/p>\n<p>The highest levies \u2014 up to 50% \u2014 are reserved for smaller economies like Lesotho and the French territory of Saint Pierre and Miquelon. Trump cited trade deficits, domestic industry protection, and foreign government subsidies as reasons for the recalibrated tariffs.<\/p>\n<p>\u201cThis is the day we\u2019ve waited for, America\u2019s economic independence,\u201d Trump declared from the White House. \u201cApril 2, 2025, will be remembered as the day we began bringing jobs and factories back to American soil.\u201d<\/p>\n<p><strong>An Unexpected Blow to Israeli Policy<\/strong><br \/>\nTrump\u2019s decision comes at a sensitive moment in U.S.-Israel trade relations. Just this week, the Israeli government, led by Prime Minister Benjamin Netanyahu, Finance Minister Bezalel Smotrich, and Economy Minister Nir Barkat, approved a full exemption on U.S. imports. The move, intended to deepen economic cooperation, now appears misaligned with Washington\u2019s new direction.<\/p>\n<p>According to Israel\u2019s Ministry of Finance, the tariff removal was expected to have minimal fiscal impact, with total customs revenue from U.S. imports estimated at just 42 million shekels annually (around $11 million), most of it related to agriculture.<\/p>\n<p>However, with Trump\u2019s global tariffs set to go into effect as early as April 5 for the baseline 10%, and on April 9 for higher-rate countries, Israel now faces new economic uncertainty \u2014 and limited time to negotiate exemptions or carve-outs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong>Washington, D.C.<\/strong> \u2014Former President Donald Trump unveiled a sweeping new trade policy overnight, announcing that his administration will impose tariffs on imports from 60 countries \u2014 including Israel, which will face a 17% tariff on goods exported to the United States.<\/p>\n","protected":false},"author":36,"featured_media":18750,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,8,65],"tags":[3751,2176,3753,3752,3750,1513,2231,1868],"class_list":["post-18749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-politics","category-world","tag-america-first","tag-bezalel-smotrich","tag-global-tariffs","tag-global-trade","tag-israeli-exports","tag-netanyahu","tag-nir-barkat","tag-trump"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.7 (Yoast SEO v24.7) - 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