Israeli Prime Minister Benjamin Netanyahu said on Sunday that he hopes that US President Donald Trump will reduce the customs duties imposed on Israel when he meets with him in Washington this week.
Under the comprehensive new customs duties policy announced by Trump a few days ago, Israeli goods are imposed by 17%.
Netanyahu’s comments coincide with the decline in the Tel Aviv Stock Exchange index by about 4% during today’s trading, negatively affected by the significant decline in Wall Street.
The Tel Aviv Exchange opened its financial week today, Sunday, with collective collapses in all indicators, directly affected by the collapse of global financial markets after the announcement Trump About imposing Customs Wide over more than 90 countries, including Israel.
The “Tel Aviv 35” index decreased by 3.6%, while the “Tel Aviv 125” index lost about 3.9%, and the banking sector index decreased by 3.85%. These declines come at a critical time, in which more than 40 local companies, most of which are in the real estate sector, are preparing for preliminary public offering (subscription) in the local market during May.
An early blow to a huge real estate integration project
On April 1, 2025, the “Yosbro” and “Tanofort” companies announced the postponement of the issuance of bonds worth 850 million shekels (229 million dollars), within the framework of a merger deal between the two companies.
“Yusbro” is one of the most prominent companies in the field of developing and managing commercial centers and real estate complexes in Israel, and owns and operates several “malls” in multiple areas. As for “Tanovort”, it is an active real estate development company in the commercial and logistical complexes sector, and they were planning to integrate their operations into a unified entity to enhance their influence in the market.
However, the sudden unrest in the global and local financial market, in addition to the high returns of government bonds by 0.3%, forced the two companies to postpone the issuance, which reflects the fragility of the current financing conditions even for the largest players in the real estate sector.
https://www.youtube.com/watch?v=z5gouyjnqa4
A wave of subscriptions expected on the brink of collapse
The Tel Aviv Stock Exchange was preparing for a huge subscription wave of more than 40 companies during May 2025, in one of the largest waves of proposals in the market for years. However, the collapse on the Wall Street Stock Exchange on Thursday and Friday 3 and 4 April due to Trump’s customs decisions cast a dark shadow over those hopes.
“Real estate companies were an essential part of the upcoming wave of subscriptions. Now, after the collapse of the sector’s shares by about 20% within two weeks, the American collapse is a judge of their plans.”
He added: “The major companies may stick to their plans, but the medium and small companies will not be able to raise funds according to the assessments that they planned. Many of them will have to postpone, or turn to the issuance of bonds.”
Promise names on the risk list
Among the most prominent real estate companies that were preparing to offer their shares:
- “Throwing Levi Real Estate” – seeks to offer a value of 3.5 billion shekels (946 million dollars), but decided to postpone the operation to August.
- “Amva Real Estate” – owned by the Naqash and Chalumi Vogel family, was aimed at a similar evaluation.
- “Shlomo for Vehicles” – with the participation of Gard Kushner, aims to offer a value of 4.5-5 billion shekels (1.21-1.35 billion dollars).
- Risdor – a subsidiary of Lyki Raisner, targeting 1.5 billion shekels (405 million dollars).
- “Jabai Real Estate Group” – billion shekels ($ 270 million).
- “Sonol Real Estate” – 700 million shekels ($ 189 million).
- “Israel” – more than a billion shekels ($ 270 million).
- “Debrew” – 900 million shekels ($ 243 million).
- Anchi Hayer – 500 million shekels ($ 135 million).
A state of panic in the market .. No one buys
Another subscription expert told Calist website: “We are in a completely different place. There is no appetite in the market to buy securities. Fund managers are now thinking about what to sell, not what to buy,” another subscription expert told Calist site.
Mattan Street, the chief economist at Henfinix, stressed that the combination of Trump’s move and international reactions has caused great concern about inflationary stagnation in the markets, noting: “Fear of an economic stagnation scenario accompanied by an inflation is increasing. The markets are currently four possible discounts for interest until the end of the year, the first of which is expected in June. However, Jerome Powell indicated that the federal bank is He is waiting for more clarity. “
As for Alex Zabinski, the chief economist in “Mitwa”, he pointed out that the influence on “Israel” will be probably a contrast, stressing: “The decline in oil and mineral prices globally by up to 12%, and the decline in import prices, may lead to a decrease in the rate of inflation. We are lowering our expectations for Nissan’s inflation to 0.2%and for the next year to 2.4%.”
https://www.youtube.com/watch?v=uu3fz3enwwo
Israel is among the punishing countries
On April 3, Trump announced the imposition of customs duties by 17% on “Israel” exports to the United States, despite the latter’s announcement a day before it of reducing its fees on American products to zero, in an attempt to avoid economic punishment.
The Calcalist report stated that non -bank financing companies are subject to great risks if the global economy enters a recession. A source told the newspaper: “If the recession continues, the credit quality will deteriorate, and we will see increasing stumbling situations. External financing will become more dangerous, and there are many parties that demand the suspension of any financing movements now.”
Military industries … the only survivor so far
Among all sectors, it seems that the military industries, specifically the company “Blassen Saasa”, is the only one that still maintains an opportunity to survive. The company plans to launch a year later in the value of one billion shekels ($ 270 million). A source in the market said: “If the crisis does not escalate more, the company has a good opportunity to move forward.”
At the end of the trading week, and amid a global collapse and the deterioration of investor confidence, sources such as Calist confirmed: “If this collapse continues, we will not see dozens of subscriptions as expected, but only a few companies will venture into the market.”
Thus, the repercussions of American customs duties, as well as the fragility of the global economy, have caused almost complete paralysis in the Israeli offering sector, which threatens a broader financing crisis in the second half of 2025.
Source : Israeli press + Anatolia Agency
