Sri Lanka facing uncertainty over tariffs: US is primary destination for exports of Island
Apr 4, 2025 #US #TradeTariffs #SriLankaEconomy
Sri Lanka says it's hoping to negotiate down the 44% tariff rate that President Trump has placed
Apr 4, 2025 #US #TradeTariffs #SriLankaEconomy
Sri Lanka says it's hoping to negotiate down the 44% tariff rate that President Trump has placed on its imports.
The US is the South Asian island’s biggest market- accounting for 40% of its exports.
The steep new tariffs are seen as a major threat to the country's economy- which is still recovering from recent financial and political turmoil.
Al Jazeera’s Minelle Fernandez reports from Colombo.
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