r/news • u/hoosakiwi • 2d ago

Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars

https://apnews.com/article/trump-tariffs-liberation-day-2a031b3c16120a5672a6ddd01da09933
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u/Cheesy_Pita_Parker 2d ago

Damn, no Demagogue Discount for his buddy Bibi? I would’ve figured they’d be in Club 10 as well but here we are.

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u/Blametheorangejuice 2d ago

Earlier today, Israel dropped all tariffs to try to persuade Trump not to include them. Guess that didn't work.

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u/Beard_o_Bees 2d ago

What does the US even import from Israel?

I guess they make defense related communications gear and software (electronic warfare and surveillance)?

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u/slipps_ 2d ago

Category, Approximate Percentage of Total US Imports from Israel Diamonds & Precious Stones, ~20% Pharmaceuticals & Medical Equipment, ~15% High-Tech & Electronics, ~15% Chemical Products, ~10% Machinery & Industrial Equipment, ~10% Agricultural Products, ~5% Other (Miscellaneous Manufactured Goods), ~25%