Fitch Solutions revealed that the effects and repercussions of the new US tariffs on the Middle East and North Africa region are limited, especially on the Gulf Cooperation Council (GCC) countries.
The region's exports will not be significantly affected, but the impact will be due to oil prices and high inflation.
According to the agency, the biggest consequences of these tariffs will be on the heavily indebted emerging markets in the region, namely Egypt, Jordan, and Lebanon, where these countries will be significantly affected as a result of the increase in the cost of debt on them as a result of the strength of the dollar globally.
Source (Al-Arabiya.net Website, Edited)
