An economist reveals the extent to which Iraq has been affected by US tariffs.
An economist reveals the extent to which Iraq has been affected by US tariffs.
4-7-2025
Information/Baghdad…
Economist Diaa Al-Mohsen revealed the extent to which Iraq has been affected by the tariffs imposed by US President Donald Trump on a number of countries, highlighting the importance of finding alternative markets to mitigate any potential price increases.
Al-Mohsen told Al-Maalouma, “US President Donald Trump has imposed customs duties on several countries. As for Iraq, exports do not exceed $7 billion in oil and $400 million in dates annually.”
He added, “Oil exports to the US are tax-exempt, so customs duties will only be imposed on date exports, estimated at $432 million, with a duty of approximately $70 million.”
He explained that “there is an impact on the price level in the Iraqi market, but Iraqi traders have alternatives they can resort to in order to import goods from China and other countries, and work to find alternative outlets for oil to support the budget with revenues.”
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