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From Fox Business: Israel announced on Tuesday that it is lifting all tariffs being imposed on U.S. products at the direction of Israeli Prime Minister Benjamin Netanyahu and other Israeli leaders.
Netanyahu said the move aims to cultivate more competition in the market, make the economy more diverse and reduce the cost of living for the people of Israel.
“In addition to the economic benefits for the economy and citizens of Israel, this move will allow us to further strengthen the alliance and ties between Israel and the United States,” Netanyahu said in a statement. “We will continue to work to remove barriers and tariffs and to reinforce our special relationship with the United States.”
Israel announced the plan in a joint statement from Netanyahu, Israeli Minister of Finance Bezalel Smotrich, and the country’s Minister of Economy and Industry, Nir Barkat, just one day before President Donald Trump is set to levy reciprocal tariffs on U.S. trade partners.
At the directive of Prime Minister Netanyahu, Finance Minister Smotrich and Economy & Industry Minister Barkat, Israel has cancelled all of the customs duties that have been levied until now on products from the US, Israel’s largest trading partner.https://t.co/PflP3tKOVJ
— Prime Minister of Israel (@IsraeliPM) April 1, 2025
In addition to the advantages to the market and to citizens of Israel, the current effort will allow us to further strengthen the alliance and ties between Israel and the US. We will continue to work to reduce barriers and customs, and bolster our special relationship with the US
— Prime Minister of Israel (@IsraeliPM) April 1, 2025
Yay!!! Big win for Israel and the USA!! Israel is preemptively removed ALL TARIFFS on American made products!!
Holy shit. I cannot tell you how important this is. The cost of living in Israel is insane. This will help American manufacturing, tech and Israeli consumers. pic.twitter.com/hOsR1zjO0e
— Yoel Israel (@YoelTIsrael) April 1, 2025
Israel canceling all tariffs on US products https://t.co/7GYN1J1zJu
— FOX Business (@FoxBusiness) April 1, 2025
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