US EditionSri Lanka-based Teejay using geographical flexibility to survive US tariffs
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Sri Lanka-based Teejay using geographical flexibility to survive US tariffs
ECONOMYNEXT – Sri Lanka-based Teejay Lanka, a multi-national fabric maker said it was developing strategies to cope with US tariffs by transferring orders among locations and diversifying markets. US President Donald Trump slapped different tariff rates on different countries, with Sri Lanka attracting one of the highest at 44 percent. Teejay has facilities in Sri Lanka, India and East Asia. “While the current tariff ruling is being challenged i…
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