How safe is the Middle East from the Global Trade War?
Palm Jumeirah on Dubai, Dubai, United Arab Emirates
Dicada | E + | Getty pictures
Global Trade War US President is triggered by Donald Trump Tat-tat tariffs, which are the main economy, tanking markets and growth prospects, do not have a sign with tat tat tariffs.
The worried economy – North America, the European Union and China – are facing highly uncertain futures. But so far there are opportunities to benefit both the reasons for the Middle East, which is so far.
The direct impact on the tariffs, as the US steel and aluminum images, have a minimal effect on the Middle East. For example, the Gulf region is calculated About 16% of US aluminum imports in 2024Standard Chartered Mena, led by the United Arab Emirates and Bahrain, told Economist Carla Slim CNBC. Although these sectors are affected, analysts say that the hit will be small.
However, the striking of the trade war can damage the mainstay of the region’s economy. The currencies have immediate expenses to the countries such as Saudi Arabia, UAE, Qatar, Oman and Bahrain.
Oil, dollars and debt
This US Dollars are sold Since the beginning of the year, it has been more expensive to import for countries with dollar poles – a problem for a region depending on foreign goods.
The U.S. trading tariffs usually make Greenback over time, but if the goods are sold for the dollar, the oil is more expensive. This will give the Middle Eastern countries an initial impetus.
However, bad news can lie ahead as the oil demand slowed due to weakened global trade and shipping.
On October 3, 2018, Saudi Arabist, Saudi Arabia, Saudi Saudi Aramco operated in Saudi Arabia operated in Saudi Arabia.
Simon Dawson | Bloomberg | Getty pictures
“Macro worldview for Mena (Middle East and North Africa), indirectly by indirect oil prices by global tariff oil prices, continuing the dragging of tariffs and macro uncertainties Brent oil prices“Slim told CNBC.
Since the 2014 oil price is shock, many of this economy has implemented structural reforms and diversification programs in an offer to reduce dependence on oil revenues.
“Strengthening domestic requirements, continues the best goal to immune the local economy from global foreign blows,” In our opinion, “Slim” in our opinion.
However, despite the diversification efforts, “he still transports the largest share of oil,” he said.
“For an economy, such as global trade opportunities, such as global trade opportunities, such as global trade opportunities, with global trade opportunities for the UAE, will be a foreign president for growth.
The most sensitive
A more powerful greenback means that the Denominated debt is more expensive for service. This is a great concern for Lebanon, Jordan and Egypt, especially for the high level of foreign debt, can cause acute economic pain.
Jaddan is the most sensitive country in the region due to high-export dependence on the US economist in major-developing markets in London’s capital economy. 25% of Jordanian exports – mainly to weaving and jewelry – enter American markets.
“The economy of the Jordan River is most exposed to potential tariffs,” said Swanston CNBC.
US President Donald Trump, on February 11, 2025, Jordan King Abdullah II Bin Al-Hussein (L) in the Oval office of the White House speaks at a meeting.
Andrew Harnik | Getty pictures
However, the country can take a slight crash in Washington in diplomatic relations – “USAID was provided with US foreign assistance in connection with US foreign assistance, as it was strategic importance to US foreign policy. “This may suggest that Jordan can be able to speak more easily than the tariff effects.”
Newcoming corridors?
A remarkable and positive change for the mena region imported by tariffs gives more geographically to rational trade corridors.
“For Mena, we think that this long-term growth has lived and the most beneficial growth, for example, the GCC-Asian Commerce Corridor will push rapid growth corridors.
“Asian enterprises sees the volume of trade in the parallel growth of financial and investment flows between the Gulf states and Asia,” Asian enterprises, (China) were observed on the belt and road initiative. “
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