Trump tariffs to impact MENA too

mailing post

Florence Eid-Oakden, Ph.D., Chief Economist
Charlene Rahall,  Analyst

Highlights include:

  • Steel import tariffs are expected to hit countries like Brazil and South Korea the most, while aluminium tariffs would target Middle Eastern suppliers among others.
  • US aluminium imports from the UAE make up 0.4% of UAE GDP and 0.5% of total UAE exports. From Bahrain, the value represents approximately 2% of GDP and 5% of total exports.
  • China is not expected to lose out much as US imports from Beijing represent a mere 3% and have declined by 31% over 2011-2017.

The Regional Views series are thematic papers aimed at identifying and analysing factors behind medium to long-term economic trends shaping the region. Our analysis draws conclusions that help businesses and investors get ahead of the curve. As a firm staffed by Middle Easterners, we focus on insight rather than standard analysis.

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