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Reuters
Reuters
Business
By Timour Azhari and Emilie Madi

Tariff hike squeezes struggling Lebanese as reforms stall

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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