Trump's Gulf Tariff Impact

Trump's threat to raise global tariffs to 15% adds to economic volatility in Gulf region, but analysts say direct impact is limited since hydrocarbon exports (70% of MENA exports) are exempt. More concerning are existing sectoral tariffs on aluminum (50%) and potential secondary sanctions on Iran's trading partners, which could hit Gulf economies harder. https://www.thenationalnews.com/business/economy/2026/02/23/trumps-tariff-hike-to-15-adds-to-gulfs-macroeconomic-overhang/