Great anxiety … a prominent Arab country that is most affected by Trump’s fees

American customs duties have shocked investors in Egypt, especially managers of ready -made clothing, petrochemical and food companies specialized in supplying about 90% of local products to the American market.

The group of local companies allied with Israeli companies in the “Al -Kuis” agreement received a sky of sponsorship ally the agreement signed by the US Congress 30 years ago, to grant the industries used by Israeli production inputs of at least 10.5% of the opportunity to access the American market without production shares or customs duties.

The tariff prompted gold prices to rise to historical levels by reaching an ounce 157 thousand and 508 pounds, while the 24 -caliber jumped to 5 thousand and 57 pounds, affected by the decline of the dollar.

Citizens searching for gold as a sanctuary sanctuary of wealth, with fears of a new decrease in the value of the pound, and the decline in indicators of textile companies and food and chemical industries at the end of the week affected by the state of public concern about the threat of Trump’s decisions for the profits of companies exporting to the American markets, with concerns about the real estate sector, affected by the decline in investment activity and the high cost of borrowing.

The Secretary General of the Exporters Division, Ahmed Zaki, refers to the affected Egyptian exports with the same percentage of the increase in customs that Trump imposed on Egyptian goods by 10%, calling on the government to resume export support programs, to give Egyptian companies the ability to withstand in the face of the confusion caused by the “Liberation Day”, in a manner that ensures that companies maintain the same rates of export and dollar income, until a bilateral agreement of customs transactions is reached, which cancels those decisions. Or adjust it with better proportions for the Egyptian side.

The effect of fees on the markets

Abdel Hamid fears that decisions will affect the central bank’s ability to control the flexibility of the exchange rate, which leads him to return again to support the pound to reduce inflationary pressures.

He pointed out that in the event that the shortage in the dollar is not compensated from other sources such as tourism and the transfers of Egyptians from abroad and foreign investment, this will lead to price pressure on the dollar, which leads to a rise between one pound and 1.5 pounds in the short term, while it can rise to worse levels in the event of a weak ability to compensate for losses or decline in exports, so that the pound loses about 7% of its value and ascends with inflation rates to more than 30%, which drives the central bank to return to cash extremism, and raises the interest rate to rates exceeding 29%.

In the context, the Chairman of the Export Council for Clothing and Textile Industries in Egypt, Majdi Tolba, confirms to “Al -Arabi Al -Jadeed” that the Egyptian exports witnessed an increase by the end of last year, to reach about 2.6 billion dollars, driven by increasing exports of clothing and textiles to the American market by 6.7% compared to 2023, while imports from the United States increased by 36% affected by the increase in fuel imports, oils and distillation products at a value $ 1.47 billion, machinery and equipment for the nuclear reactor with a value of $ 475 million, and pharmaceutical aircraft and products. The volume of trade exchange between the United States and Egypt in 2024 amounted to about 8.6 billion dollars, according to the data of the US Department of Commerce.

The data shows a trade surplus in favor of the United States worth $ 3.5 billion, as the United States comes the second largest resource for Egypt after China.

Egypt exports about 2.5 billion dollars to the American market, while students explain that the American customs put the Egyptian exporters in front of strong challenges to improve quality and reduce cost and search for alternative markets, especially in Europe and Africa, and rapprochement with Arab markets, while the government must turn to bilateral negotiations so that it does not lose part of its share in the American market for the benefit of competitors who are eager for these agreements with the American side to maintain their interests. (The New Arab)