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Israel to Deregulate U.S. Imports Amid Trade Tensions

4/28/2025

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Summary

Story summary

Israel's Economy Minister Nir Barkat is shaking up trade relations by announcing plans to deregulate imports from the U.S., aiming to secure more favorable terms with President Trump. This strategic shift comes on the heels of new U.S. tariffs on Israeli goods, amidst a robust $34 billion bilateral trade in 2024, where Israel enjoys a $7.4 billion surplus, largely driven by technology.

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Story summary

Israel's Economy Minister Nir Barkat is shaking up trade relations by announcing plans to deregulate imports from the U.S., aiming to secure more favorable terms with President Trump. This strategic shift comes on the heels of new U.S. tariffs on Israeli goods, amidst a robust $34 billion bilateral trade in 2024, where Israel enjoys a $7.4 billion surplus, largely driven by technology.