Israeli Prime Minister Benjamin Netanyahu has committed to eliminating Israel's trade deficit with the United States, which stood at $7.4 billion in 2024. This statement follows a recent round of tariffs announced by the Trump administration, including a significant 17% on Israeli goods. In a meeting that marked his first in-person engagement with Trump after these tariff announcements, Netanyahu emphasized the importance of fair trade, asserting that Israel could be a model for other nations. He reaffirmed Israel's intention to act swiftly in addressing the trade imbalance and dismantling trade barriers.
We will eliminate the trade deficit with the United States. We intend to do it very quickly. We think it's the right thing to do.
Israel can serve as a model for many countries who ought to do the same, and free trade has to be fair trade.
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