Sri Lanka expects to continue negotiations with the US after President Donald Trump’s decision to reduce tariffs on the island nation is seen as a “good start” by Colombo which had primarily negotiated to preserve its competitive advantage,

Distress is in store for Sri Lanka's garments sector if the island nation is unable to clinch a tariff lower than the 30% figure U.S. President Donald Trump has clamped on imports from Colombo, a top industry body warned on Thursday.

Sri Lankas main opposition has slammed the government over the 30 per cent tariff imposed by the US on all imports from the island nation, calling it a result of poor negotiations. The US on Wednesday sent letters to the heads of seven countries,

Sri Lanka's garment sector is grappling with a 30% tariff imposed by the Trump administration, impacting its competitiveness against Vietnam and Bangladesh. The United States, a key market, imports significant apparel from Sri Lanka.

The Ceylon Chamber of Commerce (CCC) has welcomed the reduction by the United States in the reciprocal tariff rate from 44% to 30% and urged the government to continue discussion with US authorities

Sri Lanka's garment sector may face significant challenges due to a proposed 30% tariff by U.S. President Donald Trump. The country exports a substantial portion of its apparel to the U.S., making this levy a potential economic obstacle.

COLOMBO: Sri Lanka expects to continue negotiations with the US after President Donald Trump's decision to reduce tariffs on the island nation is seen as a "good start" by Colombo which had primarily negotiated to preserve its competitive advantage,

Imposed 30% tariffs on Libya, Iraq, Sri Lanka, and Algeria. Slapped 25% tariffs on Moldova and Brunei. Announced 50% tariffs on Brazil. In a post on Truth Social, US President Donald Trump said, that tariff on Copper will be effective starting August 1.