US EditionSri Lanka GDP could lose 1.5-pct of GDP on a high Trump tariff: IMF
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Sri Lanka GDP could lose 1.5-pct of GDP on a high Trump tariff: IMF
ECONOMYNEXT – A high Trump tariff relative to competitors could shrink exports and reduce GDP by up to 1.5 percent below baseline projections and spillovers to other sectors, an International Monetary Fund report said. Sri Lanka is currently on a 10 percent export tax to the US with a 44 percent Trump tariff suspended till July 09. Reinstatement of the tariff would erode Sri Lanka’s export competitiveness, especially on apparels where margins we…
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