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Israel to slash 40% import tariff for six months in bid to fend off milk shortage

Finance Minister Bezalel Smotrich is set to sign an order slashing Israel's import tariff on milk by up to forty percent for six months, aiming to prevent shortages and curb rising prices during the Jewish High Holidays. The move is expected to offset a significant drop in local milk production caused by holiday closures, which could leave supermarkets short of about six million liters of milk. While the government claims the tariff cut will boost supply and competition, critics, including the Israeli Cattle Breeders' Association, argue it harms local farmers and fails to address underlying food security concerns. The effectiveness of previous temporary tariff lifts remains unclear, as economic and logistical challenges persist, especially during wartime.

Original article source: https://www.timesofisrael.com/israel-to-slash-40-import-tariff-for-six-months-in-bid-to-fend-off-milk-shortage/
Source Id: 8824920661

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