Sri Lanka's solid tyre dominance threatened by Trump tariffs

Sri Lanka, a global leader in solid tyre manufacturing, faces a critical challenge to its market leadership as a 30 percent US import tariff on Sri Lankan rubber goods is set to take effect on August 1, 2025.

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The Colombo Rubber Traders' Association (CRTA) has issued a dire warning of industry-wide fallout, emphasising the severe threat to the nation's US $ 1 billion rubber export revenue and the livelihoods of over 150,000 rural families.

While the tariff has been reduced from an initial 44 percent to 30 percent, CRTA Chairman Harin de Silva stated that while the reduction from 44 percent to 30 percent may have averted complete exclusion from the US market, it in no way constitutes a competitive or sustainable solution for our exporters.