Trump’s decision to upgrade the existing agricultural trade agreement should reduce protectionism, opening Israeli markets to more competition & lower prices. That will have great support in Israel, where high consumer costs are a frequent source of frustration that have facilitated numerous state-wide protests.
By Omri Milman, Bloomberg
US President Donald Trump’s ambition to change the rules of global trade is not skipping over Israel, according to a report by Bloomberg news. US trade negotiators will be visiting Israel this week for discussions on upgrading the existing agricultural trade agreements and reduce tariffs for American farm exports to Israel.
Under the existing agreement, “virtually any product produced in Israel that can be competitive in the U.S. Continue Reading »