US tariff cut vote of confidence on Sri Lanka governance reforms, economy: EDB chief

NMSJ welcomes Trump's tariff concession, but warns of formidable challenges ahead - LNW Lanka News Web

By: Isuru Parakrama August 03, Colombo (LNW): The National Movement for Social Justice (NMSJ) has welcomed the recent decision by US President Donald Trump to reduce the export tariff on Sri Lankan goods to 20 per cent, calling it a timely concession amidst the country’s mounting economic challenges. However, the NMSJ warns that without collective and strategic action, the benefits of this move could be short-lived. In a statement issued by its …

US tariff cut vote of confidence on Sri Lanka governance reforms, economy: EDB chief

ECONOMYNEXT – The reduction of a tariff by US President Donald Trump to 20 percent in a vote of confidence on Sri Lanka’s governance reforms and economy, Chairman of Sri Lanka’s Export Development Board, Mangala Wijesinghe said. “..[I]t is a powerful vote of confidence in Sri Lanka’s economic trajectory, our commitment to governance reforms, and the quality of our exports,” Wijesinghe said. “This outcome is a testament to the power of sustained …