Israel
Israel’s economy: A Banana Republic run by monopolies
Israel increasingly resembles an economy captured by monopolies, where a small circle of powerful interests dominates key sectors and ordinary consumers foot the bill.
U.S. Secretary of State Marco Rubio discussed tariffs with Israel's Prime Minister Benjamin Netanyahu, the State Department said in a readout of their conversation on Friday, in the aftermath of a sweeping new tariff policy announced by the United States.
US Secretary of State Marco Rubio, Jacquelyn Martin/Reuters
U.S. Secretary of State Marco Rubio discussed tariffs with Israel's Prime Minister Benjamin Netanyahu, the State Department said in a readout of their conversation on Friday, in the aftermath of a sweeping new tariff policy announced by the United States.
Unspecified Israeli goods exports to the United States, Israel's largest single trading partner, face a 17% tariff.
Israel increasingly resembles an economy captured by monopolies, where a small circle of powerful interests dominates key sectors and ordinary consumers foot the bill.
Israeli Prime Minister Benjamin Netanyahu accused Hamas on Wednesday of violating the Gaza ceasefire agreement after a military officer was wounded by an explosive device in Rafah and Israel vowed retaliation.
Israeli Defence Minister Israel Katz said on Tuesday that the military would never fully withdraw from the Gaza Strip for security reasons and that a civilian-military army unit would be established in the Palestinian enclave.
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