US tariffs on Israel may hit medical equipment, diamonds

Citi economist, Michel Nies, estimated a potential hit to Israel’s economy of as much as $3 billion, or 0.6 per cent of GDP. Ron Tomer, president of Israel’s Manufacturers’ Association, said the tariffs could harm Israel’s economic stability, deter foreign investments, weaken the competitiveness of Israeli companies in the US market and set back trade and investment relations between the countries (Read more at Middle East Monitor).