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Friday, April 04, 2025
Trade war, inflation: UAE experts explain how Trump’s tariffs could impact consumers, businesses
By Vijay Valecha in 'Century in News'
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Vijay Valecha, Khaleej Times, April 4, 2025
The imposition of a 10 per cent tariff on UAE by US president Donald Trump will have a multifaceted but minimal impact on the country’s economy, according to experts. However, some noted that consumers will bear the brunt of the situation.
On Wednesday, Trump announced 10 per cent baseline tariff on all imports to the US and higher duties on several countries. This includes duties on GCC countries, with 10 per cent on the UAE and Saudi Arabia, and 20 per cent on Jordan.
He added that the most direct impact would be felt by the aluminum industry, as GCC nations account for 16 per cent of America’s aluminum imports. “Bahrain, Oman, Qatar, and Saudi Arabia are the primary suppliers of aluminum to the US, with the UAE ranking as the second largest supplier after Canada,” he said.
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