The direct impact of US trade measures on the Middle East and North Africa (Mena) region is likely to be modest, but indirect effects through higher interest rates and currency appreciation could negatively impact growth, especially for dollar-pegged GCC countries, S&P Global Market Intelligence has said.
While Mena exports to the US are moderate, and the region does not maintain a significant trade surplus (excluding Israel and Jordan), the potential introduction of general global tariffs could hinder export growth, the analysis noted .
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