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Reuters
Reuters
Business
By Timour Azhari and Emilie Madi

BIZARRE: Tariff hike squeezes struggling lebanese as reforms stall | Mind Blowing Facts

Caretaker Economy Minister Amin Salam gestures during an interview with Reuters in Beirut, Lebanon December 9, 2022. REUTERS/Emilie Madi

Every time a part of his old grey Mercedes breaks, 62-year-old Beirut cab driver Abed Omayraat faces a tough choice: go into debt to import an expensive car part, or raise fares for customers whose wallets are already drained by a severe economic crisis.

    It's a dilemma he says has become more acute in recent months as Lebanon's government moved to increase tariffs on imported goods about ten-fold in a country that ships in more than 80% of what it consumes - including spare parts he needs.

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