Israel will be charged a higher tariff on its exports to the US - its biggest export customer - than Turkey and the UAE. The US announcement states that Israeli products will be subject to a 17% tariff, which is calculated according to the trade deficit between the two countries. The US is without doubt Israel's main and most important export country, with Israeli exports of goods to the US last year amounting to $17.3 billion. The potential blow of the 17% duty on Israeli exports is extremely significant, with a potential annual cost of approximately $2.9 billion.
image sourced from original article at https://en.globes.co.il/en/article-treasury-assesses-potential-damage-to-israels-us-exports-1001506898Original article source: https://en.globes.co.il/en/article-treasury-assesses-potential-damage-to-israels-us-exports-1001506898
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