The Ministry of Trade has confirmed that Iraq's oil exports to the United States will not be affected by the newly announced 30-percent U.S. tariff, which was introduced by President Donald Trump to address the trade deficit with Iraq.
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Trade Ministry spokesperson Mohammed Hanoun said that oil exports are exempt from the new duties, meaning the majority of Iraq's exports to the U.S. remain unaffected.
According to the state-run Iraqi News Agency (INA), Hanoun said that non-oil exports from Iraq to the U.S. are currently minimal, and any impact from the tariffs would be indirect-mainly through potential downward pressure on global oil prices, which could affect government revenues.
(Source: INA)
