U.S. President Donald Trump has announced his universal and reciprocal tariffs on all countries in a move that has sparked concerns of a potential global trade war during his second term in office.The “Liberation Day Reciprocal Tariffs” include a 10 percent baseline tax on imports from Qatar and other GCC nations.U.S. total goods trade with Qatar was an estimated $5.6bn in 2024.According to the Observatory of Economic Complexity (OEC), Qatar exported $2.1bn worth of goods to the United States in 2023. The main products exported were refined petroleum, nitrogenous fertilisers, and raw aluminum.Over the past five years, Qatar’s exports to the U.S. have grown at an annualized rate of 5.97 percent, increasing from $1.57bn in 2018 to $2.1bn in 2023.The newly announced universal tariffs will come into effect on Saturday, and reciprocal tariffs on new imports of foreign-produced goods are set to become active on April 9. (ICE Doha)

Fonte notizia: DOHA NEWS