An Israeli Treasury official said on April 3 that Trump’s latest tariff deployment could affect Israeli machinery and medical equipment exports.
Israeli Prime Minister Benjamin Netanyahu said on April 6 that he hopes to reduce tariffs taxed on Israel when US President Donald Trump meets in Washington this week.
On April 2, Trump announced baselines and mutual tariffs of all US trading partners. Israeli imports have faced 17% tariffs since April 9th.
After visiting Hungary for the past few days, Netanyahu left for Washington on April 6 to visit with Trump on April 7, officials said.
The debate covered the Israeli hostages that Hamas in Gaza still holds after 18 months, winning a victory in Gaza against terrorist groups and a US tariff regime on Israel, he said.
“I hope I can help with this issue, that’s the intention,” Netanyahu said of the tariffs. “I am the first international leader and the first foreign leader and I will meet with President Trump on this issue, which is very important to the Israeli economy.
“There are long-standing leaders who want to do this when it comes to the economy. I think it reflects a special personal connection and a special US-Israel relationship that is very important at this point.”
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An Israeli Treasury official said on April 3 that Trump’s latest tariff deployment could affect Israeli machinery and medical equipment exports.
The Middle Eastern country moved on April 1 to eliminate remaining tariffs on US imports. Israel and the United States signed a free trade agreement 40 years ago, with about 98% of US goods currently being tax-free.
Re-adjusting trade relations
Commerce Secretary Howard Lutnick told CBS News on April 6 that the Trump administration’s strategy on new tariffs is to readjustify relations with all US trading partners. For example, Vietnam last year exported approximately $137 billion in products to the United States, while maintaining a 90% tariff on US products. On April 2, Trump placed a 46% tariff on products in the country that are due to take effect on April 9th.
“We need to stop Lipov,” Ratnik said.
The country is currently in negotiations with the United States, reducing its collection of 46% on its exports and will send its Deputy Prime Minister to Washington on April 6th.
That same day, Vietnam’s Deputy Prime Minister Ho Duc Phok’s office said in a statement that Vietnam will continue to push for more purchases from the US and hold a meeting on how it will handle Trump’s new tariffs.
Kevin Hassett, director of the White House National Economic Council, told ABC News on April 6 that dozen countries had contacted the United States following Trump’s tariff announcement.
Hassett said, “The country is retaliating with anger,” but “comes to the table.”
“I received reports from last night (US trade representatives) that over 50 countries contacted the president to begin negotiations, and they understand that they are owing a lot of tariffs,” he said.
Lai said Taiwanese companies will also increase their investment in the US. Taiwan has a trade surplus with the US, with 32% tariffs on imports to the US.
Indonesia’s economy minister Airlangga Hartarto said in a statement on April 6 that Indonesia will not retaliate against Trump’s 32% tariffs on exports. Instead, Indonesia pursues diplomacy and negotiations with the US to arrive at a mutually beneficial solution.
“This approach was adopted by taking into account the long-term interest in bilateral trade relations and maintaining the investment environment and national economic stability,” Ayrlanga said.
Jakarta said a high-level delegation will travel to the US for direct negotiations with the Trump administration.
On April 7, the Indonesian government will develop a strategy to address US tariffs, seeking input from businesses and seeking ways to increase trade with Europe as an alternative to the US and China, Airlangga added.
Jack Phillips, Reuters and the Associated Press contributed to the report.
