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No cuts yet: Trump holds off on lifting 17% US tariffs on Israel

image sourced from original article at https://www.ynetnews.com/business/article/bkg711nmayg

"I told the president that we would reduce our trade deficit with the United States," Netanyahu said during the briefing, referring to the $7 billion gap between U.S. exports to Israel and Israeli exports to the U.S. One likely scenario is that Israel will increase its purchases of U.S. goods -- particularly military equipment -- to help balance trade. A similar arrangement occurred in the past when the IDF purchased large quantities of American-made military boots, replacing domestically produced ones. That move led to the closure of production lines in Israel and layoffs of local workers.

Original article source: https://www.ynetnews.com/business/article/bkg711nmayg
Source Id: 8625422123

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