Trump slashes tariffs for Sri Lanka, Philippines

Sri Lanka to Continue Talks as US Tariff Cut Seen a ‘Good Start’

Sri Lanka expects to continue negotiations with the US after President Donald Trump’s decision to reduce tariffs on the island nation is seen as a “good start” by Colombo which had primarily negotiated to preserve its competitive advantage, Treasury Secretary Harshana Suriyapperuma said Thursday.

Sri Lanka’s apparel industry alarmed by US tariff of 30%, hopes for cut

Distress is in store for Sri Lanka s garments sector if the island nation is unable to clinch a tariff lower than the 30% figure U.S. President Donald Trump has clamped on imports from Colombo, a top industry body warned on Thursday. MORE..

Trump slashes tariffs for Sri Lanka, Philippines

In the case of India, the proposed bilateral trade deal is still awaiting final approval from Trump and is likely to be announced by mid-July.

Sri Lanka's trade setback blamed on ego-driven, poor negotiation: Opposition Leader - LNW Lanka News Web

July 10, Colombo (LNW): Opposition Leader Sajith Premadasa has sharply criticised Sri Lanka’s handling of trade talks with the United States, attributing the recently announced 30 per cent tariff on Sri Lankan exports to what he called ego-driven, poor negotiation strategy. Premadasa expressed concern that the country’s failure to secure more favourable trade terms was costing Sri Lanka dearly, stating that nearly US$3 billion in export value no…

Trump settles for 30% tariff on Sri Lanka, down from 44% proposed earlier

US President Donald Trump has settled for a 30% tariff on imports from Sri Lanka, down from 44% proposed in April. He announced the move in a letter to President Anura Kumara Disanayake dated 9 July 2025. Analysts welcomed the move, which is lower than the tariff slapped on Laos and Myanmar (40%), Cambodia, Thailand (36%), Bangladesh (35%), and Indonesia (32%). However, others described it as higher than what Sri Lanka was lobbying for, which w

Sri Lanka issued 30-pct Trump tariff letter, down from 44-pct

ECONOMYNEXT – US President Donald Trump has issued a letter to President Anura Kumara Dissanayake, setting a 30 percent tariff rate for Sri Lanka down from an original 44 percent in April. “We have had years to discuss our trading relationship with Sri Lanka, and have concluded that we must move away from these very persistent, Trade Deficits, engendered by Sri Lanka’s Tariff and Non Tariff, Policies and Trade Barriers,” Trump said. “Our relatio…