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Trump’s tariffs could hit Americans hardest

Gulf Today

|

April 07, 2025

Trump believes that tariffs will boost the US economy and return manufacturing plants which have gone abroad due to high US labour and other costs.

-  Michael Jansen

Trump’s tariffs could hit Americans hardest

However, this will take time and could outlast Trump’s reign, leaving US consumers with price rises for imports used on a daily basis.

Donald Trump’s imposition of tariffs on US imports from most countries is destructive on the global level and can be expected to impact negatively the Eastern Arab World and North Africa. Ironically, US consumers are likely to bear the main brunt of Trump’s tariffs. The majority of countries in this region have been charged 10 per cent reciprocal tariff on goods exported to the US. Bahrain, Egypt, Iran, Kuwait, Lebanon, Mauritania, Morocco, Oman, Qatar, Saudi Arabia, Sudan, Turkey, the UAE, and Yemen have been given the lowest rate. Algeria has been charged at 30 per cent as it imported $56 million in tariffs on US imports. Iraq has attracted a 39 per cent tariff as it imports $78 per cent on US imports, Israel 17 per cent as it imports 33 per cent on US imports. Jordan must pay 40 per cent as its accused of charging 40 per cent tariffs on US imports although Amman and Washington signed a free trade agreement in 2000.

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Words Of Truth speaks loud at G2 Mill Reef Stakes

Words Of Truth continued his ascent up the juvenile sprinting ranks with a professional display in the G2 Mill Reef Stakes at Newbury, UK, on Saturday.

time to read

2 mins

September 21, 2025

Gulf Today

Congress has no good excuse to keep trading stocks

In what’s become something of a ritual, members of Congress have lately been holding news conferences calling for stricter limits on their own stock trading. Americans love this idea, yet the bills have so far gone nowhere. Here’s hoping common sense may soon prevail.

time to read

2 mins

September 21, 2025

Gulf Today

Police surrounded my house at night, says ex-minister

Former minister Shireen Mazari said on Saturday that a “heavily armed raiding party” of the Islamabad police surrounded her house at lam and enquired about her daughter, Imaan Zainab Mazari-Hazir, and son-in-law, Hadi Ali Chattha.

time to read

1 mins

September 21, 2025

Gulf Today

Verstappen on pole in Baku after Piastri, Leclerc crash

Max Verstappen tiptoed through the hazards of a wild qualifying session featuring six red-flag stoppages on Saturday to claim pole position for the Azerbaijan Grand Prix.

time to read

2 mins

September 21, 2025

Gulf Today

Countdown begins for inaugural Al Ain Masters

The countdown is on for the Al Ain Masters 2025, with just 10 days to go before the world's top badminton stars gather at the Khalifa Bin Zayed Hall, Al Ain Club.

time to read

1 mins

September 21, 2025

Gulf Today

Gulf Today

Al Jazira rout Bani Yas, Al Wahda drub Al Dhafra

Al Jazira delivered a commanding performance to sweep aside Bani Yas 4-0 in matchweek four of the Adnoc Pro League on Friday.

time to read

2 mins

September 21, 2025

Gulf Today

Probe ordered into misconduct allegations against 4 DSPS

Sindh Inspector General of Police (IGP) Ghulam Nabi Memon has ordered an inquiry into serious misconduct allegations against four deputy superintendents of police (DSPs) in Karachi.

time to read

1 mins

September 21, 2025

Gulf Today

Man fined Dhs45,000 for damaging motorcycle

Al Dhafra Court of First Instance has ordered a man to pay Dhs45,000 in compensation to another after he unlawfully used and damaged the latter's motorcycle.

time to read

1 mins

September 21, 2025

Gulf Today

Gulf Today

Wanyonyi adds world 800m crown to Olympic gold, Chebet stuns Kipyegon

Emmanuel Wanyonyi and Beatrice Chebet made it a memorable night for Kenya at the world championships on Saturday as they produced outstanding performances to win the men's 800 metres and women's 5,000m respectively.

time to read

1 mins

September 21, 2025

Gulf Today

Gulf Today

Indonesia's surprise rate cut, growth gambit put rupiah in the crosshairs

Bank Indonesia's rate cut this week stunned markets for all the wrong reasons - investors fear the central bank is bowing to pressure from President Prabowo Subianto to juice the economy, compromising its independence and risking a rupiah selloff.

time to read

3 mins

September 21, 2025

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