US tariff threatened non-oil exports of Arab countries: the United Nations Agency

Berut, April 20 (IANS). According to the United Nations Economic and Social Commission West Asia (Escwa), the rapid increase in trade protestism in the US is increasingly pressure on the economy of Arab countries, which threatens the export of non-oil worth $ 22 billion. According to the report of the Xinhua news agency, Jordan is seen in the worst position, as about a quarter of its goods are sent to the US. Bahrain was also identified because it exports aluminum and chemicals to the US. Meanwhile, the United Arab Emirates could hamper US $ 10 billion goods resale. The ESCWA also warned that the Gulf Cooperation Council (GCC) economies are facing increasing financial stress due to a sharp fall in world prices. The ESCWA further said: “Financial challenges could also increase for non-GCC countries. Egypt, Morocco, Jordan and Tunisia may have to pay an extra $ 114 million in an extra $ 114 million to sovereign interest payments due to an increase in global mortgage returns in 2025 and investors’ uncertainty. An executive order to put such ‘mutual rates’ on its business partners said earlier:’ The country that is unable to make a compromise with the US does not have a conversation instead of raising rates against the US, such as China.