Sri Lanka Coconut Product Exporters Raise Alarm over 30-Pct Trump Tariff
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Sri Lanka coconut product exporters raise alarm over 30-pct Trump tariff
ECONOMYNEXT – Sri Lanka’s coconut exporters have warned that a 30 percent Trump tariff will hit 20 percent of annual exports as competitors have got access at much lower rates to the United States. Out of 857 million dollars of annual exports 160 million went to the US. “Competing suppliers such as the Philippines, Vietnam, and India enjoy preferential trade access, meaning Sri Lankan products, despite their globally renowned quality, will be si…
High-level delegation heads to Washington to press for further US tariff relief
Foreign Minister Vijitha Herath yesterday confirmed that a high-level Government delegation is scheduled to depart for Washington, D.C. on Friday (18) for a final round of negotiations to secure further reductions in 30% US reciprocal tariffs on Sri Lankan exports. The visit comes ahead of the 1 August implementation deadline for the revised US tariff regime, which lowered duties on Sri Lankan exports from 44% to 30%. Al
Sri Lankan Delegation to Visit U.S. for Urgent Talks on Export Tariff Relief - LNW Lanka News Web
A Sri Lankan government delegation is set to depart for the United States on Friday (July 18) to hold crucial negotiations aimed at reducing the 30% reciprocal tariff imposed on Sri Lankan exports to the U.S., Foreign Minister Vijitha Herath confirmed yesterday (July 15). Speaking to media in Colombo, the Foreign Minister said the delegation will push for tariff concessions ahead of the August 1 deadline, when the new duties are expected to take…
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