Israel's government announced the cancellation of all remaining tariffs on American imports, progressing towards increased trade liberalization. Prime Minister Netanyahu emphasized this step as crucial in maintaining strong ties with the U.S., Israel's largest trading partner. The decision, pending approval from the Knesset's finance committee, comes as a proactive measure against potential tariffs from the Trump administration. With U.S.-Israel trade reaching $37 billion in 2024, this initiative is seen as a strategic move amid evolving international trade policies.
Today we canceled all of the customs duties levied on products from the U.S., Israel's largest trading partner, Mr. Netanyahu said in a post on X, formerly Twitter.
Canceling the customs duties on American goods is an additional step in the policy that my governments have led for a decade in opening up the market to competition.
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