By Ahmed Tabaqchali, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.
Beyond Tariffs: Building a Mutually Beneficial Relationship between the United States and Iraq
The Trump administration imposed a 30 per cent tariff on Iraqi exports to the United States in 2019, citing a lack of reciprocity in bilateral trade, though oil exports were exempt from the measure.
While the tariffs do not directly alter the U.S. trade deficit with Iraq, they may indirectly affect revenues through lower oil prices amid weakening global demand.
The study calls for policies that strengthen the U.S.-Iraq Strategic Framework Agreement, shifting from tariff disputes towards a broader, mutually beneficial partnership across political, economic, cultural, and security domains.
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