The European Union has initiated discussions regarding increased tariffs on goods originating from Israel. The proposed adjustments aim to mitigate potential economic pressures arising from the ongoing conflict in Gaza. However, the specific implementation and impact of these tariffs remain to be determined. The EU is exploring various options for trade policy adjustments, focusing on ensuring stability and minimizing disruption within the European market. The European Commission has stated the proposals are part of a broader effort to foster regional economic cooperation.
Credits: The Straits Times World News