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Event Brief

Sri Lanka adds 50% surcharge on car imports

Sri Lanka imposed a 50% surcharge on car imports to protect the currency from further slide.
WHO: Sri Lanka
WHAT: Imposed a 50% surcharge on car imports.
WHEN: May 16, 2026 at 5:21 AM ET
WHERE: Sri Lanka
WHY: To protect the currency from further slide amid rupee depreciation and a surge in the fuel import bill.

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