The markets were able to attend the dramatic gates that began with Donald Trump’s entry into the position, but now investors are prepared for April 2, a time that Trump called the “Liberation Day” during which he is expected to present his next cover decision.
The president hinted at the surprises in front of all trade partnersThe “deceive” character, and made it clear that there would be no generous division of exemptions. These barriers can, for example, have local produce, legislation that restricts trade, including lids, and even a particularly negative trade balance.
Although in the past he noted that there would be no precise steps of “eye under eye”, and that some of the states may be relieved, Trump seems to be intended to limit the number of departures from the present during the present. “I know there are some exceptions, and the discussions are ongoing, but not too much exempt,” he said in an interview with the Newsmax website, as quoted in Bloomberg. His changing position prevents feverish international contacts, with countries trying to offer concessions and emphasize their trade relationships with the US.
According to a report that UBS economists sent customers last Friday, mutual tariff policy will require a determination of 2.5 million separate customs rates – according to each product and country. This figure raises doubts about the administration’s ability to apply such policy as early as next week.
If Trump does, in fact, execute the aggressive move, the result is expected to be uploading the cost of living to consumers, harming long -standing trade relationships, and even providing additional drastic steps.
The administration claims that the tariffs will help revive local production and put money into the state coffers, although it may be difficult to obtain both destinations together, as revival of local industry may lead to a decrease in imports, resulting in a decline in tax revenue. On the other hand, government officials have told Expaus that April 2 can lead to negotiations, which will eventually avoid imposing cover on certain countries.
And what happens in Israel?
The covers that will be charged on April 2 may also affect Israel. The Americans did not declare official criteria, but it is estimated to be imposed on all types of goods, regardless of industries and branches.
According to the Ministry of Economy, Israel exports $ 14.2 billion in the US. And plastic (767 million). Israel sends to the US C.Food products worth $ 545 million, in addition to aluminum exports and steam in several tens of millions, which have already been imposed.
Israel currently does not know what the American lids will be, but hope to get out of the policy. This is because the United States is a veteran, reliable and large trade partner, and the trade barriers that Israel imposes is relatively small: according to the free trade agreement that drives in 1985, an absolute majority of imports from the US is not exposed to customs, except for unusual agriculture.
A few days ago, Finance Minister Smutrich sent a letter to Minister of Economy Nir Barkat and Minister of Agriculture Avi Dichter, according to which the main customs of Israel The US imposes on agricultural products (fresh fruits and vegetables), and all American exports are NIS 42 million. Therefore, it recommends lowering the same tariffs: “Download the customs will benefit the State of Israel, and it is in line with the government policy in lowering the cost of living, and increasing the competition in the food. It may open an opening – at least on American agricultural products.
Another problem that may be detrimental to Israel is the lack of recognition of the American accommodation for imports. Israel has undergone legislation under the title “What is good for Europe good to Israel”, sales in the European daughter -in -law in a variety of fields. Already in August 2024, during a government period Biden, the Americans have conveyed a message to Israel whereby they want to convey similar reforms that also recognize the American buildings, which will mainly affect toys and baby products.
In the middle of the present month, the Ministry of Economy reported that “what is good for Europe” is expanding to the United States, “and that” the import and installation teams in the Ministry of Economy will begin professional discussions to examine the relevant American standard adoption. ”
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