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Kuwait navigates global turbulence amid Trump’s “tariff bomb” and trade shifts - Times Kuwait
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Kuwait navigates global turbulence amid Trump’s “tariff bomb” and trade shifts - Times Kuwait
Trump’s new tariffs sparked global concern and led to steep declines in U.S. and Gulf markets. Gulf states, including Kuwait, face reduced competitiveness and may seek alternative export markets. Kuwait has applied a standard 5% GCC tariff on most U.S. imports since 2003. Bilateral trade remained steady over decades, shaped by WTO, GATT, and GCC agreements. The moment U.S. President Donald Trump set off what some have called the “tariff bomb,…
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