In a historic economic move, Israel has announced that it will cancel all tariffs on products imported from the United States. The decision, which comes as a result of deepening economic ties between the two nations, is expected to significantly boost trade and strengthen bilateral relations.
A NEW ERA IN US-ISRAEL TRADE
The Israeli Ministry of Finance and the Ministry of Economy jointly confirmed that the new policy will take effect immediately. The removal of tariffs on American goods will cover a wide range of sectors, including agriculture, technology, industrial equipment, and consumer products. This unprecedented step underscores Israel’s commitment to enhancing economic cooperation with its most important ally.
“This is a landmark decision that will lower costs for Israeli consumers, strengthen our economy, and fortify our strategic relationship with the United States,” said Israeli Finance Minister Bezalel Smotrich in a statement. “By eliminating trade barriers, we are opening new doors for American businesses while providing Israeli consumers with greater access to high-quality, competitively priced products.”