JERUSALEM – Israeli Finance Minister Bezalel Smotrich said on Thursday he was convening ministry officials to formulate a course of action to protect Israel’s economy in the wake of President Donald Trump’s decision to impose tariffs on exports.

As part of a sweeping new tariff policy, Israeli goods exports to the United States will be subject to a 17% tariff.

Smotrich said he would discuss with ministry officials, after speaking with economic leaders, how to “analyse opportunities and risks and formulate courses of action, both in relation to President Trump and his team and regarding the necessary steps to strengthen Israel’s industry”.

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