Trump reveals Jordan trade agreement
U.S. President Donald Trump announced the signing of a mutual trade agreement between the United States and Jordan, aimed at removing longstanding trade barriers and facilitating American exports into the Jordanian market. The agreement includes standards to promote regional cooperation, protect workers' rights, and strengthen intellectual property protections. Additionally, Jordan commits to eliminating customs and non-customs barriers, including those related to agricultural products and vehicles. The agreement also witnessed significant Jordanian investments in the U.S. market, such as Royal Jordanian Airlines purchasing six Boeing aircrafts worth $1.4 billion, and Hikma Pharmaceuticals investing one billion dollars. The pact aims to enhance economic relations, increase supply chain resilience, and is part of Trump’s broader efforts to revise U.S. trade policies and reduce the global trade deficit.
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