Israel plans to make further trade concessions to the US on food and agricultural goods, as part of efforts to persuade its closest ally to ease tariffs on exports from the Jewish state.Officials hope that boosting the competitiveness of US wheat against Israel’s traditional suppliers — the largest of them being Russia will help clinch a deal to ease tariffs on goods shipped to the US. These have remained in place even after Netanyahu, who enjoys a close relationship with Trump, said all duties on US products would be removed.Israel is pushing to lower its 15% tariff, but assumes the end point won’t be zero in the coming years. Negotiators are instead focused on bringing the rate down by 50% and carving out a tax-free regime for a few leading sectors.Separately, Israel is planning to spend up to 600 million shekels ($193 million) over the next decade subsidizing freight costs on human-grade, or milling, wheat imported from the US, an Israeli official familiar with the government’s thinking said, asking not to be identified discussing ongoing negotiations. What is your take on Israel’s tariff relief on wheat imports, Do you think that war in Palestine has hit it hard ?
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