Rwanda refuses to remove tariffs on imports of used clothing
The Trump administration wants the African nation to remain open to imports of clothing donated to charities in rich countries
IN A market in Kigali, Rwanda’s capital, a cacophonous auction is under way. Sellers hold crumpled T-shirts and faded jeans aloft; traders shout and jostle for the best picks. Everything is second-hand. A Tommy Hilfiger shirt goes for 5,000 Rwandan francs ($5.82); a plain one for a tenth of that. Afterwards, a trader sorts through the purchases he will resell in his home village. The logos hint at their previous lives: Kent State University, a rotary club in Pennsylvania, Number One Dad.
This article appeared in the Finance & economics section of the print edition under the headline “Worn out”
Finance & economics June 2nd 2018
- Italy’s political crisis is roiling financial markets once more
- A critical task for the Greek economy enters a new phase
- Turkey’s central bank has streamlined its fight against inflation
- There is madness, but perhaps also method, in America’s trade policies
- The number of new banks in America has fallen off a cliff
- In investing, as in poker, following rules works best
- Rwanda refuses to remove tariffs on imports of used clothing
- If wages are to rise, workers need more bargaining power
From the June 2nd 2018 edition
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