{"id":663204,"date":"2025-04-06T00:00:00","date_gmt":"2025-04-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/06\/trump-tariffs-put-10-levy-on-all-incoming-egyptian-goods\/"},"modified":"2025-04-06T00:00:00","modified_gmt":"2025-04-06T00:00:00","slug":"trump-tariffs-put-10-levy-on-all-incoming-egyptian-goods","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/06\/trump-tariffs-put-10-levy-on-all-incoming-egyptian-goods\/","title":{"rendered":"Trump tariffs put 10% levy on all incoming Egyptian goods"},"content":{"rendered":"

The global trade war is cranking up a gear<\/strong>, and businesspeople and policymakers alike from across the globe are still trying to assess what impact the Trump administration\u2019s blanket tariff<\/a> of 10% on all incoming goods will have. The baseline rate came into effect yesterday, with higher rates \u2014 up to 49% \u2014 for 57 countries due to come into effect on 9 April. The scope and magnitude of the action have not gone unnoticed, with trade experts like former White House trade adviser Kelly Ann Shaw describing the move as \u201cthe single biggest trade action of our lifetime,\u201d in comments to Reuters<\/a>. <\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

A questionable formula: <\/strong>Trump personally chose a formula based on two variables; the trade deficit with each country and the total value of its US exports, the Washington Post<\/a> wrote citing two sources it said are familiar with the matter.<\/p>\n

Egypt got off relatively lightly, with the country subject to only a 10% <\/strong>levy<\/strong>, alongside our Arab neighbours in Saudi Arabia, Morocco, Oman, Yemen, Sudan, Kuwait, Lebanon, Qatar, Bahrain, and the UAE. However, not everyone in the region was as fortunate, with Syria set to face a 41% tariff, Iraq a 39% tariff, Libya a 31% tariff, Algeria a 30% tariff, Tunisia a 28% tariff, and Jordan a 20% tariff.<\/p>\n

The US slapped China with a 34% tariff, taking the total tariff on Chinese <\/strong>imports to 54%.<\/strong> It also targeted the EU with 20%, Vietnam with 46%, and Taiwan with 32%.<\/p>\n

China strikes back, others might soon follow:<\/strong> The move is set to ignite a global trade war after decades of liberal trade measures from the US, with trading partners widely expected to retaliate. Beijing led the pack with a 34% tariff on all goods imported from the US, with the EU expected to follow soon. Other countries are attempting to negotiate their way out of the measures, including Vietnam, whose president To Lam had a \u201c productive call<\/a> \u201d with Trump, and will meet to negotiate a trade agreement soon.<\/p>\n

Despite<\/strong> Trump\u2019s talk of trade deficits, it\u2019s Egypt that runs a pretty heavy trade deficit <\/strong>with the US<\/strong>. The US ran a USD 3.5 bn trade surplus with Egypt in 2024, according to the Office of the US Trade Representative<\/a>. The direction of travel is also in the US\u2019 favor, with its trade surplus with us increasing 69.4% y-o-y last year, as US exports to Egypt increased 36.0% y-o-y to USD 6.1 bn and Egyptian exports the other way only inched up 6.7% y-o-y to USD 2.5 bn.<\/p>\n

But it\u2019s still unclear how Egypt \u2014 let alone the global economy \u2014 will be impacted<\/strong>, with the Investment Ministry currently studying the implications of the decision, Asharq Business<\/a> reports, citing an unnamed government official. One unknown is if the decision will apply to goods exported through the QIZ agreement that enables Egypt to export to the US duty-free if the products have at least 10% Israeli input, which some industry insiders suggest will remain unaffected.<\/p>\n

Some think that the decision could actually be a boost for Egyptian exports<\/strong>, with one unnamed government official telling the regional outlet that the country\u2019s comparatively low tariff rate will increase its competitiveness and attract investors like China that are seeking to bypass higher tariff rates elsewhere. Egyptian Businessmen Association Chairman Ali Issa mirrored this view, pointing to garments as a sector \u2014 the largest source of US-bound exports \u2014 that has the potential to take advantage of the situation by upping its exports to the US. But there\u2019s concern that a resultant global uptick in inflation could move investment out of emerging markets, according to EFG Hermes\u2019 Mohamed Abu Basha.<\/p>\n

We dive more into the response from global investors and financial markets in Planet Finance<\/strong>, below. <\/p>\n","protected":false},"excerpt":{"rendered":"

Officials are assessing how the 10% tariff will impact Egyptian industry<\/p>\n","protected":false},"author":1,"featured_media":663205,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8516],"tags":[984,72,4617,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-663204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade","tag-donald-trump","tag-enterpriseam","tag-qiz","tag-trade","wpautop","entry"],"acf":{"mongo_id":"95ffd0a2-4948-448d-b1f6-61da5d10a813","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/4\/62.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Trump 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Monday to impose tariffs of 25% on all imports coming from Mexico and Canada, along with a blanket 10% tariff on Chinese goods","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2510.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":663294,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/07\/maait-says-its-too-early-to-accurately-gauge-tariff-fallout\/","url_meta":{"origin":663204,"position":1},"title":"Maait says it\u2019s too early to accurately gauge tariff fallout","author":"enterpriseam admin","date":"7 April 2025","format":false,"excerpt":"Maait flagged the risk of rising inflation, which could put a lid on hopes for interest rate cuts","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/4\/143.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":669420,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/03\/how-will-the-wave-of-new-us-tariffs-hit-egypt\/","url_meta":{"origin":663204,"position":2},"title":"How will the wave of new US tariffs hit Egypt?","author":"enterpriseam admin","date":"3 August 2025","format":false,"excerpt":"Egypt will continue to face a 10% baseline tariff \u2014 and officials thing QIZ exports could still be duty- and quota-free.","rel":"","context":"In "Trade"","block_context":{"text":"Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/8\/14.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568631,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/29\/us-egypt-trade-talks-to-restart-next-year\/","url_meta":{"origin":663204,"position":3},"title":"US-Egypt trade talks to restart next year","author":"enterpriseam admin","date":"29 January 2020","format":false,"excerpt":"US-Egypt trade talks to restart next year: Egypt and the US will re-enter negotiations over a bilateral trade agreement next year, US Ambassador Jonathan Cohen said on the sidelines of a conference at the American Chamber of Commerce in Cairo, according to Al Shorouk.The slow pace of reform has stood\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed 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Egyptian goods could be entering China dutyfree as early as the end\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/192.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593722,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/08\/26-new-egyptian-companies-join-qiz-agreement-with-the-us\/","url_meta":{"origin":663204,"position":5},"title":"26 new Egyptian companies join QIZ agreement with the US","author":"enterpriseam admin","date":"8 October 2019","format":false,"excerpt":"Twenty-six Egyptian companies qualified for inclusion in the Qualified Industrial Zones (QIZ) export agreement with the US and Israel between January August, bringing the total number of companies under the agreement to 1,030, a Trade Ministry source told the local press. The new companies manufacture readymade clothes, textiles, furniture, and\u2026","rel":"","context":"In "Diplomacy + Foreign Trade"","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/663204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=663204"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/663204\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/663199"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/663205"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=663204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=663204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=663204"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=663204"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=663204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}