New US policy set to threaten competitiveness of Israeli exports of machinery and medical equipment, experts say, while potential damage to tech industry is limited

Israeli officials reacted with shock to a 17% tariff on products exported to the U.S., having signed a directive a day earlier scrapping all remaining tariffs on American imports. Israel's exports of goods to the U.

A few hours before President Donald Trump slapped huge new tariffs on nearly all imports to the United States, Israel preemptively dropped all its tariffs on American goods. That's what some of Trump's defenders say is the goal of this whole madcap scheme: to get foreign countries to lower their barriers to American exports.