Trump Tariff to Hit Sri Lankan Exports with 20% Duty From August 7

Trump tariff to hit Sri Lankan exports with 20% duty from August 7

U.S. announces 20% tariff on Sri Lankan exports, down from initial 44%, negotiations ongoing for further reduction.

Sri Lanka eyes stronger US trade ties

The Government yesterday said it is working to unlock broader economic opportunities with the US by focusing on improved market access, enhanced trade facilitation and governance reforms. On 1 August, the US officially announced that it has further reduced reciprocal tariffs to 20% for Sri Lanka exports, scaling down from a steeper initial proposal. ..

US Reduces Tariffs on Sri Lankan Imports to 20%

COLOMBO (News 1st) - The United States has announced a reduction in tariffs on goods imported from Sri Lanka to 20 percent.The White House confirmed t - Get the latest breaking news and top stories from Sri Lanka, the latest political news, sports news, weather updates, exam results, business news, entertainment news, world news and much more from News 1st, Sri Lanka's leading news network.

Sri Lanka’s Costly Misstep In U.S. Tariff Negotiations - Colombo Telegraph

By Sunil J. Wimalawansa – Prof Sunil J. Wimalawansa Just days ago, we were told by Sri Lankan officials that trade discussions with the United States were “progressing well” and all “under control.” Now, we face the reality: a 30% U.S. tariff on Sri Lankan goods, effective August 1st. What happened in between? The U.S. reduced it from the potential 44% to 30%, without serious negotiations. As Sri Lanka grapples with its fragile economic recovery…

UNP commends govt for tariff negotiations, seeks details on US trade deal - LankaXpress

The United National Party (UNP) has welcomed the recent executive order issued by U.S. President Donald Trump, which further reduces the reciprocal tariff rates on Sri Lankan exports. In a statement, the UNP commended the Sri Lankan Government and its negotiating team for successfully concluding the relevant negotiations. “We commend the Government and the negotiating team for successfully concluding the negotiations,” the party said. The new Ex…

Plastics and Rubber Institute of Sri Lanka Welcomes U.S. Tariff Reduction on Sri Lankan Exports - Lanka Business News

Colombo, August 1, 2025 — The Plastics and Rubber Institute of Sri Lanka (PRISL) extends its sincere appreciation for the recent decision by U.S. President Donald Trump to reduce and finalize the tariff rate to 20% on Sri Lankan exports to the United States. This strategic policy move marks a pivotal milestone for Sri Lanka’s manufacturing and export sectors, particularly the rubber and plastics industries, which have long been key contributors …