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Tariff reduction News

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Local News

President Dissanayake Appeals for Austerity Measures to Counter Dollar Crisis.

May 20, 2026 at 4:12 PM

President Anura Kumara Dissanayake has urged Sri Lankans to adopt austerity measures, specifically reducing fuel and imported goods consumption, to mitigate the economic strain caused by the strengthening US dollar.

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President Dissanayake Appeals for Austerity Measures to Counter Dollar Crisis
Image Credit : adaderana.lk
Local News
Sri Lanka Targets Lower Electricity Tariffs via Power Sector Restructuring
Image Source : island.lk

Sri Lanka Targets Lower Electricity Tariffs via Power Sector Restructuring.

May 18, 2026 at 12:02 AM
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Economy
US Trade Representative Jamieson Greer Reaffirms Commitment to China Tariffs
Image Source : aastocks.com

US Trade Representative Jamieson Greer Reaffirms Commitment to China Tariffs.

May 15, 2026 at 9:30 AM
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Economy
US vs China: A Comparative Analysis of Global Economic Dominance
Image Source : aljazeera.com

US vs China: A Comparative Analysis of Global Economic Dominance.

May 13, 2026 at 7:09 AM
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Beyond the Monthly Bill: The Economic Ripple Effect of Rising Electricity Costs
Image Source : nationalreview.com
Local News•
May 13, 2026 at 12:23 AM

Beyond the Monthly Bill: The Economic Ripple Effect of Rising Electricity Costs.

Sri Lanka’s recent electricity tariff hikes present a significant challenge for middle-class families and industrial growth. The crisis highlights the urgent need for a shift from temporary fixes to a sustainable, long-term energy generation strategy.

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Local News

Sri Lanka Weekly News Update: Tariff Hikes, Legal Summons, and Agricultural Progress.

May 11, 2026 at 10:11 AM

A roundup of key developments in Sri Lanka, including an 18% electricity tariff hike for high consumers, the summoning of former President Mahinda Rajapaksa, and government assurances regarding fertilizer availability.

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Local News

Sri Lankan Households Face Fresh Financial Pressure Amidst Rising Energy Costs and Currency Depreciation.

Sri Lanka has implemented a new electricity tariff revision for high-usage consumers, compounding the cost-of-living crisis as the rupee faces continued depreciation. The move is expected to drive inflation, impacting retail food prices.

May 10, 2026 at 11:57 PM
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Local News
Opposition Critiques 18% Electricity Tariff Hike as Unfair Burden
Image Source : mawratanews.lk

Opposition Critiques 18% Electricity Tariff Hike as Unfair Burden.

May 9, 2026 at 2:00 PM
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Local News
Sri Lanka Sets Roadmap to Abolish CESS Levies by 2029
Image Source : sundaytimes.lk

Sri Lanka Sets Roadmap to Abolish CESS Levies by 2029.

May 2, 2026 at 7:41 PM
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President Trump Escalates Trade Stance with 25% Tariff on EU Automobile Imports
Image Source : nytimes.com
Economy•
May 1, 2026 at 6:48 PM

President Trump Escalates Trade Stance with 25% Tariff on EU Automobile Imports.

President Donald Trump has announced a new 25% tariff on cars and trucks imported from the European Union, citing non-compliance with existing trade agreements. The move aims to incentivize domestic US manufacturing.

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Local News

President Dissanayake Signals Potential Adjustment to Fuel Prices Amid Global Market Pressures.

May 1, 2026 at 2:48 PM

President Anura Kumara Dissanayake has signaled that small increases in fuel prices may be unavoidable due to rising global costs and Middle East instability, despite significant government subsidies currently in place.

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President Dissanayake Signals Potential Adjustment to Fuel Prices Amid Global Market Pressures
Image Credit : ft.lk
United States

US Government Initiates Massive $166 Billion Tariff Refund Process Following Supreme Court Ruling.

Following a Supreme Court decision that invalidated recent sweeping tariffs, the US government has begun the complex logistical process of refunding $166 billion to affected businesses.

April 30, 2026 at 9:45 PM
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United States
Data Reveals Trump’s Tariffs Failed to Spark a Domestic Manufacturing Resurgence
Image Source : benzinga.com

Data Reveals Trump’s Tariffs Failed to Spark a Domestic Manufacturing Resurgence.

April 29, 2026 at 3:48 PM
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Economy
Economic Strain and Protectionist Policies: Analyzing America's Current Fiscal Challenges
Image Source : nerdwallet.com

Economic Strain and Protectionist Policies: Analyzing America's Current Fiscal Challenges.

April 28, 2026 at 2:57 AM
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Canada Resists U.S. Tariff Concessions, Prime Minister Carney Cites 'Worthless' Deals
Image Source : ctvnews.ca
World News•
April 27, 2026 at 10:32 PM

Canada Resists U.S. Tariff Concessions, Prime Minister Carney Cites 'Worthless' Deals.

Canadian Prime Minister Mark Carney has dismissed the value of rushed tariff-relief deals with the U.S., signaling that Canada will not offer further concessions to initiate trade negotiations.

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United States

US Tariff Adjustments Could Push Federal Deficit Upward by $1.1 Trillion.

April 27, 2026 at 8:34 PM

The Congressional Budget Office (CBO) has indicated that recent changes in US tariff policy could increase the federal deficit by $1.1 trillion over the next decade, though officials note that definitive long-term forecasting remains complex.

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US Tariff Adjustments Could Push Federal Deficit Upward by $1.1 Trillion
Image Credit : economic-research.bnpparibas.com
United States
US Trade Policy Shifts: New Tariff Investigations Target Global Imports
Image Source : ustr.gov

US Trade Policy Shifts: New Tariff Investigations Target Global Imports.

April 27, 2026 at 11:18 AM
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Business

Navigating Tariff Refunds: A Small Business Perspective on Recent Legal Shifts.

Dame Products cofounder Alexandra Fine discusses the challenges of navigating US tariff policies, the impact of surcharges on consumer behavior, and the ongoing process of seeking refunds after recent Supreme Court rulings.

April 26, 2026 at 9:36 AM
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United States

U.S. Customs Launches Portal for Billions in Unconstitutional Tariff Refunds.

The U.S. Customs and Border Protection (CBP) has launched an online portal for businesses to claim refunds on tariffs previously ruled unconstitutional by the Supreme Court, involving over $166 billion in collected funds.

April 23, 2026 at 11:19 AM
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The Failure of Protectionism: Analyzing the Real-World Consequences of Modern Trade Wars
Image Source : newsday.co.zw
Economy•
April 19, 2026 at 10:18 PM

The Failure of Protectionism: Analyzing the Real-World Consequences of Modern Trade Wars.

Recent data from 2025-2026 shows that US tariff policies have failed to resolve trade deficits, instead causing a 'boomerang effect' where deficits simply shifted to other nations while China continues to expand its global trade dominance.

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