Dec 1, 2:13 PM EST

Egypt raises tariffs up to 60 percent for imported goods


Latest News
4,300-year-old pyramid discovered in Egypt
Women join fight against female circumcision
Cheap electronics threaten Egyptian repairmen
Egypt raises tariffs up to 60 percent for imported goods

No chicken, no cafes: Egyptians scrimp as prices leap

Egypt passes new law clamping down on rights groups

Egypt official raises death toll in Sinai attack to 11

8 soldiers killed in suicide car bombing in Egypt's Sinai

Multimedia
A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
Jobs report shows Trump to inherit solid but uneven economy

Unemployment drops for black Americans and high school grads

Where Americans found jobs: Offices, clinics, construction

Spain raises taxes to try to meet EU deficit target

Egypt raises tariffs up to 60 percent for imported goods

Iraq hopes OPEC deal will help cover its massive war costs

US factories expanded for third straight month in November

Eurozone unemployment rate edges down further

Putin picks new economy minister to replace Ulyukayev

Hoping to preserve democracy, Tunisia woos foreign investors

Interactives
Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt

CAIRO (AP) -- Egypt's president has imposed a second increase of tariffs on hundreds of imported products.

The official Gazette published President Abdel-Fattah el-Sissi's decree on Thursday with a long list of over 350 items including fruits, foods, perfumes, furniture, and others where customs duties increased between 40 and 60 percent.

This is the second time this year the government has raised taxes on what it described as luxury commodities.

The measure comes nearly a month after the government floated its currency and raised fuel prices to qualify for a $12 billion bailout from the International Monetary Fund. The bailout is hoped to improve Egypt's economy after years of unrest.

© 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.