At a press conference, he will shake global markets and stir anger in many capitals all over the world, and US President Donald Trump will present the next decisive stage in the definitions program. An indication of historical importance that Trump attributes it to this step, and perhaps also for its consequences, it can be understood from it while praising the day of advertising as the “liberation day” of America, while the White House press secretary Caroline Levitte at a press conference: “April 2, 2025, will decrease as one of the most important days in modern American history.”
“The Washington Post” on the basis of three sources at the White House that one of the options that are considered in order to avoid the complexity of mutual definitions is a 20 % general tariff for all goods that enter the United States, without exceptions.
This will be a dramatic step, because it will not distinguish between countries or products, unlike the original plan according to which the tariff was mutual, according to the commercial barriers imposed by each country on American goods. A report issued by UBS contains an estimate that the mutual definition policy means setting 2.5 million separate tariff rates, depending on the product and the country.
Israel is making several attempts to curb in favor of Trump and gain an exemption from a new tariff system, although the ads will not be. The first step was to expand the last relaxation of the requirements of imports. In an immediate procedure, “What is good for Europe was updated to Israel”, which angered the American administration, with products that automatically meet US standards to import to Israel.
The expansion of reform was a fairly simple measure, because its importance is more permitted than the operation. In fact, almost all American products are adapted to export according to European standards, so that they were able to import them to Israel even under original reform.
The second step by the government to improve the opportunities for Israeli products that get an exemption from American definitions is to take the first step in this regard. Finance Minister Paisalel Soutrich signed an order to cancel the Israeli definitions of imports from the United States. The approval of the Knesset Finance Committee is required.
The definitions of American goods are not in any way, and reach about 42 million NIS annually. Related definitions are mainly on agricultural products. “The goal of this step is to enhance the tariff policy between the two countries and maintain positive trade relations with the United States,” Sottic said in the announcement of this step last week.
It was published by Globes, Israel Business News – En.globes.co.il – on April 2, 2025.
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