Israel's closeness to Trump fails to spare it from high tariffs

A file picture of Trump and Netanyahu at the White House in Washington on Feb 4, 2025. – AP

NEW YORK (Bloomberg): If Benjamin Netanyahu thought his closeness to Donald Trump would spare Israel from high US tariffs, he was wrong.

The US president, who outlined new levies for almost all countries on Wednesday evening, has placed a 17% tariff on Israeli goods.