While Israel Fought, Global Trade Changed. How It Affects Us

Economic commentator Shaul Amsterdamski analyzes a report by the International Chamber of Commerce, highlighting the growing instability of global trade. The average trade policy stability score for G7 countries is 2.77 out of 6, with the US receiving 1 out of 6 due to Trump's trade wars. The author emphasizes that changes in rules affect prices, jobs, and the competitiveness of Israeli companies, and calls for understanding these shifts.

Leading economic commentator Shaul Amsterdamski analyzes a new report by the International Chamber of Commerce (ICC) on the state of global trade. While Israel was focused on internal issues, the world changed: trade rules have become less stable, less predictable, and more politicized. The report, covering G7 countries, shows that the average trade policy stability score is 2.77 out of 6, which is a failure. The US received a score of 1 out of 6, which the author links to President Donald Trump's trade wars. Amsterdamski emphasizes that open trade is critical for prosperity, and that instability of rules complicates long-term planning for businesses. Changes in tariffs and trade policy directly affect prices, jobs, and the ability of Israeli companies to compete in the global market. The author calls for understanding these changes, as they will affect everyone.