Israel to abolish free trade deal with Turkey, impose 100% tariff on Turkish imports: Finance minister

The decision comes in retaliation for Turkish President Tayyip Erdogan's decision to halt exports to Israel.

Israel Finance Minister Bezalel Smotrich

Israeli Finance Minister Bezalel Smotrich said the plan would be submitted to the cabinet for approval. (File Photo)

Israeli Finance Minister Bezalel Smotrich on Thursday said Israel would abolish its free trade agreement with Turkey and also impose a 100% tariff on other imports from Turkey in retaliation for Turkish President Tayyip Erdogan’s decision to halt exports to Israel.

The plan, he said, would be submitted to the cabinet for approval.

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Israeli Prime Minister Benjamin Netanyahu holds up a map while speaking at the 80th session of the United Nations General Assembly, Friday, Sept. 26, 2025, at U.N. headquarters. (AP Photo/Stefan Jeremiah)

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