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Jerusalem Life

| The tuna trap: How did lower tariffs lead to higher prices?

Chaya V    
Thursday, 06 December 12:48 PM
In the universe of household expenses, the price of tuna fish doesn’t figure prominently. But when Israel’s government undertook to gradually reduce tariffs on canned tuna, it had good reason to celebrate a small victory in its campaign to bring down the cost of living.

A two-year process that had eliminated a duty of 3.51 shekels (94 cents) on each kilogram of tuna, leaving just a 12% duty, had brought down the price to shoppers 14.5%.

       

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