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flag Israel proposes upgrading its trade deal with the U.S. to ease data sharing and avoid tariffs.

flag Israel's Economy Minister, Nir Barkat, is proposing to upgrade the decades-old free trade agreement with the U.S. to ease data sharing and prevent U.S. tariffs. flag Israel has already agreed to lift tariffs on U.S. agricultural goods. flag The move aims to enhance economic ties, with bilateral trade valued at $37 billion in 2024. flag The U.S. had previously imposed a 17% tariff, later reduced to 10%, spurring Israel to make regulatory concessions to improve trade relations.

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