Sri Lanka apparel industry expresses concern over US tariffs | Trade Data News Sri Lanka

SL tells US ready to reduce import tariffs

Sri Lanka yesterday announced its readiness to reduce tariff and non-tariff barriers, following the US Government’s decision under its reciprocal tariff policy. “We are committed to substantially reducing tariff and non-tariff barriers that hinder trade and investment. Improving the ease of doing business remains a top priority of the Government, as we strive to create an environment that encourages innovation, fosters commercial partnerships, a

JAAF, Sri Lanka, Engages Government On Urgent Response To U.S. Tariffs Threatening Export Sector

COLOMBO, Sri Lanka — April 4, 2025 — Sri Lanka’s apparel industry has expressed deep concern over the new Reciprocal Tariff policy announced by the U.S. government, cautioning that the move could severely disrupt the country’s largest export sector. The Reciprocal Tariff policy announced by U.S. President Donald Trump on April 2, imposes a universal baseline tariff of 10% tariff on all imports into the USA effective April 5. Yohan Lawrence, Secr…

US Apparel Industry: Tariffs Are Potentially Disastrous, but Could Be Rescinded

Keeping our fair value estimates unchanged on apparel stocks.

Sri Lanka apparel industry expresses concern over US tariffs | Trade Data News Sri Lanka

The US Government’s announcement of the Reciprocal Tariff policy has caused alarm among Sri Lanka’s garment industry. The proposed increased tariffs have the potential to seriously destabilise the nation’s largest export industry and jeopardise thousands of employment. A 10 per cent baseline tariff on all imports would go into effect on 5th April and rise […] The post Sri Lanka apparel industry expresses concern over US tariffs appeared first on…

SL to assess US tariff impact - News Today

Colombo, Apr 4: Sri Lankan President Anura Kumara Dissanayake on Thursday appointed a high-powered committee to assess the impact of the new US trade tariffs on the nation’s economy. The committee has been tasked with conducting an in-depth study of the implications of these tariffs, particularly on Sri Lankan exports, according to an official release. US President Donald Trump, in a historic measure to counter higher duties on American products…

Sri Lanka plans to negotiate Trump tariff: Minister

ECONOMYNEXT – Sri Lanka is exploring possibilities of discussing with the Donald Trump administration on reducing the new 44 percent reciprocal tariff before it will be effective on April 9, Deputy Economic Development Minister Anil Jayantha said. US President Trump imposed a 44 percent tax on Sri Lanka in an executive order in which he claimed as discounted reciprocal of about half the taxes and barriers imposed by the island on America. “Alrea…