💨 Abstract

Israeli leaders are urgently negotiating with the US administration to lower a sudden 17% tariff on Israeli exports, which was unexpected and catches Jerusalem officials off guard. Prime Minister Benjamin Netanyahu and Finance Minister Bezalel Smotrich aim to lower the tariff to 10%, the minimum rate given to certain nations. The tariff was imposed based on Israel's $7 billion annual trade deficit with the US.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖