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In a major win for President Donald Trump, the anti-tariff “Liberation Day” kicked off in a big way when one of the nation’s staunchest Middle East allies declared it would immediately suspend all tariffs on U.S. goods.
The move by Israeli Prime Minister Benjamin Netanyahu, announced late Tuesday, is intended to forge stronger ties with the U.S. in the midst of President Trump’s promise to back the total eradication of Hamas terrorists in Gaza.
He added that doing so will reduce the cost of living for the people of Israel.
“In addition to the economic benefits for the economy and citizens of Israel, this move will allow us to further strengthen the alliance and ties between Israel and the United States,” Netanyahu said in a statement. “We will continue to work to remove barriers and tariffs and to reinforce our special relationship with the United States.”
Netanyahu’s announcement, in conjunction with Israeli Minister of Finance Bezalel Smotrich, and the country’s Minister of Economy and Industry, Nir Barkat, came one day before President Trump’s promised purge of trade deficits with other nations by implementing sharp new tariffs on international imports…
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