Netanyah becomes the first leader to negotiate tariffs with Trump

NPR and Axios report that the meeting was unexpectedly established, surprising not only Israeli officials but also some representatives of the American administration.

This meeting makes Netanyah the first foreign leader to seek renegotiation of trade agreements after the Trump administration's decision to impose global tariffs that have shaken financial markets. During the past week alone, these developments have caused losses worth $5 trillion in the S&P index, through a record stock decline, Periscope.

Despite Israel's efforts to prevent the impact of tariffs, including preliminary lifting of obligations for the rest of American goods, the administration Trump followed suit with the new move, bringing to the attention the trade deficit with Israel. Currently, the US is Israel's biggest trade partner and closest strategic ally, with 98% of American goods imported without taxes on the basis of a free trade agreement signed about four decades ago.

An official from the Israeli Finance Ministry has voiced concern that the new tariffs could particularly influence the export sectors of medical machinery and equipment.