President Donald Trump during a ceremony at the White House in 2017. Photo AFP
Following U.S. President Donald Trump's "Liberation Day" tariffs, Middle Eastern countries are tallying the costs. On Wednesday, Trump signed an executive order imposing new tariffs on global trade partners. Starting Saturday, April 5, at 04:01 GMT, products entering the United States from the Middle East will face an additional 10 percent tariff, with a few exceptions. What will be the immediate consequences for these countries? L'Orient-Le Jour summarizes expert reactions from the region. Read more Trump tariffs come into effect: What impact for Lebanon? What are the immediate economic consequences?While most of the region faces a 10 percent increase, some countries will experience higher rates. Israel is targeted by a 17 percent increase, Jordan by 20 percent, Tunisia by 28 percent, Algeria by 30 percent, Libya by 31 percent,...
Following U.S. President Donald Trump's "Liberation Day" tariffs, Middle Eastern countries are tallying the costs. On Wednesday, Trump signed an executive order imposing new tariffs on global trade partners. Starting Saturday, April 5, at 04:01 GMT, products entering the United States from the Middle East will face an additional 10 percent tariff, with a few exceptions. What will be the immediate consequences for these countries? L'Orient-Le Jour summarizes expert reactions from the region. Read more Trump tariffs come into effect: What impact for Lebanon? What are the immediate economic consequences?While most of the region faces a 10 percent increase, some countries will experience higher rates. Israel is targeted by a 17 percent increase, Jordan by 20 percent, Tunisia by 28 percent, Algeria by 30 percent, Libya by 31 percent,...