FRED HUME: Import duty failures increase costs, not competition
Tariffs have in effect boosted prices and worsened financial pressure low-income households face
12 October 2022 - 13:52
SA has seen yet another wave of new and extreme import duties this year on everything from chicken and French fries to tyres.
Not only are there glaring faults in the calculation of these levies, but the reality is that these funds will be used to line government coffers instead of growing local industries — all while inflating prices and hammering the pockets of the country’s most poor and vulnerable...
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