Sri Lanka’s Tariff Shock

Sri Lanka’s Tariff Shock

Overdependence on a few markets and a narrow base of products has made the country vulnerable.

Sri Lanka’s Economic Vulnerability Exposed by U.S. Tariffs

The U.S. decision to impose a 30 percent tariff on Sri Lankan exports from August 1 is a stark reminder of the vulnerabilities inherent in Sri Lanka’s economic model. While some may argue that this rate is more favorable than those faced by regional competitors, the reality is that Sri Lanka’s over-reliance on a narrow range of exports and markets has left it exposed to sudden policy shifts by its… Source

Sri Lanka Government Plans New Export Strategy to Counter US Tariff Blow - LNW Lanka News Web

By: Staff Writer July 14, Colombo (LNW): In a bid to cushion the impact of the United States’ recently announced 30% tariff hike, the Sri Lankan government is set to roll out a new National Export Strategy (NES) aimed at restructuring and diversifying the country’s narrow export base, official sources revealed. The US tariff hike—expected to significantly affect Sri Lanka’s already vulnerable export economy—comes at a time when the country’s tra…

Sri Lanka to seek further tariff cut from US before deadline - LankaXpress

Sri Lanka to seek further tariff cut from US before deadline The post Sri Lanka to seek further tariff cut from US before deadline appeared first on LankaXpress.