US President Donald Trump announced during a press conference today that he is implementing global “reciprocal tariffs” against more than 180 countries, along with a baseline tariff for other nations. Any countries not included on the list will face a standard 10% tariff on all products entering the U.S., according to the administration.
In the case of Lebanon, a 10% tariff will be applied, matching the tariff Lebanon currently imposes on U.S. goods. This tariff is unlikely to have a significant impact on Lebanon’s economy, as it mirrors the tariff the U.S. imposes. Furthermore, the U.S. is Lebanon’s largest supplier of imported goods, accounting for $1.7 billion out of Lebanon’s total imports of $19.2 billion. In terms of exports to the United States, Lebanon’s total exports amounted to $212.32 million in 2023, including jewelry and precious metals ($111.44 million), fertilizers ($23.87 million), and vegetable, fruit, and nut food preparations ($14.13 million).

On the flip side, major U.S. exports to Lebanon include mineral fuels and oil ($841 million), automotive products ($253 million), chemical industrial products ($192 million), machinery and electrical instruments ($98 million), prepared foodstuffs and vegetable products ($96 million), and beverages and tobacco ($54 million).

Countries facing the highest tariffs include China (54%), Vietnam (46%), Cambodia (49%), Sri Lanka (44%), Iraq (39%), and Syria (41%). You can check out the full list [here].