A strong increase in commercial protectionism of the United States is to put Arab economies under growing pressure, endangering non -oil exports worth $ 22 billion, according to a policy letter published by the United Nations Economic and Social Commission for Western Asia). Jordan emerges as the most vulnerable, with almost a quarter of his total exports destined to the United States. Bahrain is also marked due to its strong dependence on aluminum and chemical exports to the US market, Xinhua News Agency reported.
Meanwhile, the United Arab Emirates could see interruptions to approximately 10 billion dollars in reexports to the United States, the result of US tariffs on the good produced in third countries, the letter said.
Escwa’s letter also warns about the growing financial strains in the economies of the Gulf Cooperation Council (CCG), which are affirmed with a strong fall in world oil prices.
Other financial challenges are closed for states that are not GCC. Escwa projects that Egypt, Morocco, Jordan and Tunisia will collectively face 114 million additional dollars in sovereign interest payments in 2025, driven by the increase in global yields of the bonds in the midst of the uncertainty of investors. These higher loan costs run the risk of hardening national budgets and delaying development initiatives, he said.
Earlier this month, the president of the United States, Donald Trump, signed an executive order in the midst of a generalized opposition, imposing the so -called “reciprocal tariffs” to its commercial partners worldwide.
Previously, the president of the United States said that the commercial countries that cannot reach an agreement with the US.
For India, it would mean that the rate will go to 26 percent of 10 percent reviewed.
The rates for other countries reviewed in a similar way for all partner countries that chose to initiate negotiations with the US insid.