Israel has canceled all tariffs on imported goods from the United States a day before President Donald Trump’s announcement of his sweeping tariff plan, APA reports citing CNN.
The Trump administration has suggesting the president could announce reciprocal tariffs — matching other countries’ tariffs dollar for dollar — though details are not yet known.
Israel announced the move in support of its “closest ally” and “most significant trading partner” in a joint statement from Prime Minister Benjamin Netanyahu, Finance Minister Bezalel Smotrich and Minister of Economy and Industry MK Nir Barkat today.
“Abolishing tariffs on American goods is another step in the policy led by governments under my leadership over the last decade to open the market to competition, introduce diversity into the economy, and reduce the cost of living,” Netanyahu said in the statement.
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