As of Sunday, April 20, 2025, the most significant recent update regarding tariffs on Libya involves actions taken by the United States.
United States Tariffs on Goods from Libya:
On April 2, 2025, the Trump administration announced new "reciprocal tariffs" on imports from numerous countries, including Libya.
Libyan exports to the United States are now subject to a 31% tariff.
The U.S. administration stated that this measure is part of a "trade rebalancing" initiative, noting that Libya imposes a 61% tariff on imports from the United States.
However, on April 9, 2025, the U.S. announced a 90-day pause on these reciprocal tariffs for most countries.
Crucially, Libya was NOT explicitly mentioned as being included in this 90-day pause. This suggests that the 31% tariff on Libyan exports to the U.S. remains in effect.
Libya's Perspective on the US Tariffs:
The Libyan Customs Authority has stated that the newly imposed U.S. tariffs are unlikely to have a significant impact on Libya.
They clarified that Libya does not export substantial manufactured goods to the United States, with the majority of its exports being crude oil.
News reports indicate that crude oil often receives exemptions from such newly imposed tariffs.
The Libyan Customs Authority also highlighted that Libya already imposes a 61% tariff on U.S. imports, further limiting the trade exchange between the two countries.
Potential Impact on Libya:
Despite the Libyan Customs Authority's assessment, some reports suggest that the 31% tariff could significantly impact Libya's exports to the U.S., particularly crude oil, which constituted the vast majority of its $1.57 billion exports to the U.S. in 2023.
Simulations suggest that these tariffs could lead to a near-total collapse of Libyan exports to the U.S. due to a loss of competitiveness.
There is a possibility that these tariffs could push Libya to strengthen trade ties with other global players, such as China and Russia.
Libyan Trade Policy in General:
Libya's foreign trade is heavily reliant on oil exports.
The average applied tariff rate in Libya is relatively low, around 5.2%.
Libya is a member of the Greater Arab Free Trade Area (GAFTA), offering tariff exemptions with other member countries.
Libya has applied for accession to the World Trade Organization (WTO), but negotiations have been stalled due to the ongoing internal conflict.
In summary, the most recent tariff update concerning Libya is the imposition of a 31% tariff by the United States on Libyan exports. While the U.S. has paused these new tariffs for most countries, it's not definitively clear if Libya is included in this pause. The Libyan Customs Authority believes the impact will be minimal due to the nature of their exports to the U.S., but other reports suggest potentially significant consequences, especially for oil exports.