U.S. President Donald Trump during his presentation of new tariffs in the Rose Garden of the White House in Washington, April 2, 2025. (Credit: CARLOS BARRIA / REUTERS).
As the new tariffs announced by the U.S. president came into effect this Wednesday, April 9, we invite you to reread this article, originally published on April 4, 2025. BEIRUT — The shockwaves that ensued following U.S. President Donald Trump's “Liberation Day” tariffs have not spared the Middle East. On top of a “baseline” tariff of 10 percent imposed on imports from most countries globally, some in the region were hit by steeper levies: 41 percent for Syria, 39 percent for Iraq and 20 percent for Jordan.While Lebanon — like Egypt, the United Arab Emirates and Saudi Arabia, amongst others — was only the recipient of the “minimal tariff,” the news, nonetheless, still represents a potential blow to the country’s industrialists and traders, with the U.S. being Lebanon’s fourth-largest exporter.However, experts and economists believe...
As the new tariffs announced by the U.S. president came into effect this Wednesday, April 9, we invite you to reread this article, originally published on April 4, 2025. BEIRUT — The shockwaves that ensued following U.S. President Donald Trump's “Liberation Day” tariffs have not spared the Middle East. On top of a “baseline” tariff of 10 percent imposed on imports from most countries globally, some in the region were hit by steeper levies: 41 percent for Syria, 39 percent for Iraq and 20 percent for Jordan.While Lebanon — like Egypt, the United Arab Emirates and Saudi Arabia, amongst others — was only the recipient of the “minimal tariff,” the news, nonetheless, still represents a potential blow to the country’s industrialists and traders, with the U.S. being Lebanon’s fourth-largest exporter.However, experts...