US midterm elections expected to affect tariff policy, analyst says

Financial analyst Ekrami Abdullah said the issue of US tariffs is highly complex.

Speaking in an interview broadcast on Al Arabiya FM, Abdullah explained that the matter escalated into a trade war before the US judiciary intervened and canceled the tariffs by a judicial ruling.

Regarding the impact of the US midterm congressional elections on this issue, Abdullah noted that, constitutionally, Congress holds the primary authority over tariff matters, though some laws grant certain powers to the US president.

He added that the midterm elections are particularly significant, as a shift in control to the Democratic Party could prompt a reassessment of all tariffs imposed by President Donald Trump, potentially leading to their reduction or removal.

Abdullah concluded that if the Republican Party maintains control of Congress, we do not expect the situation to remain as it is, but for other countries, they have to wait for the results.