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Will Egypt's 'luxury tax' hurt everyday citizens?

Egyptian President Abdel Fattah al-Sisi issued a decree raising customs tariffs on so-called luxury products, a new development that some say threatens the country with a potential wave of inflation.
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CAIRO — On Jan. 31, Egyptian President Abdel Fattah al-Sisi issued a decree raising tariffs on hundreds of imports. The increases, which went into effect the very next day, stirred quite a bit of controversy.

Sisi said the increases affect mainly luxury items, and price controls will help prevent businesses from taking advantage of the increased duties to raise consumer prices.

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