Israel, though not a direct target of these tariffs, will experience ripple effects. As a trade-reliant economy, we must brace for currency fluctuations, potential inflation, and more.
As Israel faces grid challenges and rising threats, Doral’s incoming CEO, Yoni Hantis urges a shift to decentralized, dual-use renewable energy.
Trump's announcement came less than 24 hours after steep new tariffs kicked in on imports from dozens of trading partners.
The EU joins China and Canada in retaliating to Trump admin tariffs and escalating a global trade conflict.
While stock indices in the US and Europe fell by about 10% in two days, the Tel Aviv 35 Index fell by just under 4% yesterday and by 0.62% on Thursday.
The central bank left its benchmark rate ILINR=ECI at 4.50%.
The meeting was "warm, friendly and productive," according to Israel's Government Press Office (GPO).
This comes after Prime Minister Benjamin Netanyahu talked to Trump about the tariffs.
Powell spoke as equity markets from Tokyo to London to New York continued a swoon that has wiped some 10% off major US stock indexes since Trump announced a raft of new tariffs.
Trump says no Iran nuclear deal could mean bombing, and vows tariffs on Russian oil if Putin doesn’t end the war in Ukraine.