Latest News
Trump to charge tariffs of up to 50% on ‘worst offenders’ globally
President Donald Trump has unveiled plans for sweeping new import taxes on all goods entering the US, in a watershed moment for global trade.
The plan sets a baseline tariff on all imports of at least 10%, consistent with a proposal Trump made on the campaign last year.
Items from countries that the White House described as the “worst offenders”, including the European Union, China, Vietnam and Lesotho, would face far higher rates for what Trump said was payback for unfair trade policies.
Trump’s move breaks with decades of American policy embracing free trade, and analysts said it was likely to lead to higher prices in the US and slower growth in the US and around the world.
The White House said officials would start charging the 10% tariffs on 5 April, with the higher duties starting on 9 April.
“It’s our declaration of economic independence,” Trump said in the White House Rose Garden against a backdrop of US flags.
The Republican president said the US had for years been “looted, pillaged, raped and plundered by nations near and far, both friend and foe alike”.
“Today we are standing up for the American worker and we are finally putting America first,” he said, calling it “one of the most important days, in my opinion, in American history.”
On the campaign trail last year, Trump called for new tariffs that he said would raise money for the government and boost manufacturing, promising a new age of American prosperity.
He has spent weeks previewing Wednesday’s announcement, which follows other orders raising tariffs on imports from China, foreign cars, steel and aluminium and some goods from Mexico and Canada.
The White House said the latest changes would not apply to Mexico and Canada, two of America’s closest trading partners.
Goods from the UK are set to face a new 10% tariff, while import taxes on items from the European Union would go to 20%.
The charge for goods imported from China will be 34%, while it will be 24% for Japan, and 26% on India.
Some of the highest rates will be levied on smaller countries, with goods from the southern African nation of Lesotho facing 50%, while Vietnam and Cambodia will be hit with 46% and 49% respectively.
The latter two have both seen a rush of investment in recent years, as firms shifted supply chains away from China following Trump’s first term.
Together the moves will bring effective tariff rates in the US to levels not seen in decades.
Trump also confirmed that a 25% tax on imports of all foreign-made cars, which he announced last week, would begin from midnight.
[BBC]
Latest News
Payment of Compensation to the people who have lost their cultivable lands in implementing the Uma Oya Multipurpose Development Project
Approval has been granted at the Cabinet meeting held on 27-06-2012 to provide cultivable agricultural lands from the lower Uma Oya valley to 276 farming families in Hali-Ela, Walimada, and Uva Paranagama Divisional Secretariat Divisions who have lost their cultivable lands due to the acquisition of lands for the
Uma Oya Multipurpose Development Project.
However, the aforementioned proposal could not be implemented due to the encroachment of a large portion of the identified lands by unauthorized persons, heavy forest cover, the threats posed by wild elephants, remoteness from their original settlements, and difficulties in adapting to other environmental conditions and social anomalies.
Accordingly, the Cabinet of Ministers has approved the resolution furnished by the Minister of Agriculture, Livestock, Land, and Irrigation to pay an estimated compensation of Rs. 12 lakhs for each of these 276 farming families, based on the
recommendations submitted by the Cabinet Sub-Committee appointed to provide solutions for the issues arising in the implementation of the Uma Oya Multipurpose Development Project.
In view of the prevailing war situation in the Middle East region and its impact on the economy, the Government has already taken several immediate measures to mitigate such effects.
In parallel, the need has been identified to manage state expenditure within existing fiscal constraints and approved state expenditure limits, while ensuring the continuity of essential public services.
Accordingly, taking into consideration the restrictions imposed on fuel issuance and the declaration of Wednesdays as holidays for government offices providing non-essential public services, the Cabinet of Ministers has approved the resolution furnished by the President, in his capacity as Minister of Finance, Planning and Economic Development, to continue the
payment of fuel allowances to Ministers, Members of Parliament, and public officers based on the fuel prices
prevailing as at 01-03- 2026, until further notice; and similarly, continue the payment of other allowances linked to fuel prices based on the fuel prices prevailing as at 01-03-2026.
In accordance with the guidance of the Most Venerable Mahanayake Theros and the All Ceylon Shasanarakshaka Mandalaya, it has been identified as appropriate to conduct the State Vesak Festival for the year 2026 (Buddhist Era 2570) at the historic Medillawala Purana Viharaya in Thihagoda, Matara District, with the collaboration of the Ministry of Buddhasasana, Religious and Cultural Affairs, the Ministry of Public Administration, Provincial Councils and Local Government, and the Department of Buddhist Affairs.
It has been decided to conduct this year’s State Vesak Festival under the theme “Abhiththaretha Kalyane” (“Let us
hasten towards the common good”). Accordingly, the Cabinet of Ministers has approved the joint resolution furnished by the Hon. Minister of Public Administration, Provincial Councils and Local Government and the. Minister of Buddhasasana, Religious and Cultural Affairs to: conduct the National Vesak Festival
centering the Medillawala Purana Viharaya in Thihagoda, Matara District; to declare the period from 27 May to 02 June 2026 as Vesak Week; and organize and implement various Buddhist religious programmes across the island during that period.
Payment of Compensation to the people who have lost their cultivable lands in implementing the Uma Oya Multipurpose Development Project
Draft Bill of the Chartered Institute of Media Professionals of Sri Lanka to be Gazzated
Telecommunication Levy Act No. 21 of 2011 to be amended
Management of State Expenditure during the Energy Crisis
Vesak week from 27 May to 02 June
Free Tourist Visas for Passport Holders of 39 Countries
‘Dates have the highest sugar content to fight Coronavirus’
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