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Apparel industry expresses concern over 30% US tariff on Sri Lanka
Daily FT
|July 11, 2025
Warns SL faces risk of seeing migration of US buyers to lower-tariff countries Urges Govt. to continue active engagement with US to secure better deal for Sri Lanka Says Vietnam is at advantage at 20% tariff, Bangladesh has begun talks to reduce rate from 35%
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THE apparel industry yesterday expressed concern over the 30% tariff proposed by the US, its biggest market.
US President Donald Trump on Monday announced a 30% reciprocal tariff on Sri Lankan exports from 1 August.
"As one of the country's largest export earners, the sector relies heavily on access to the US market, and such a steep increase threatens to erode competitiveness, particularly when compared to regional peers," the Joint Apparel Association Forum (JAAF) said in a statement.
This story is from the July 11, 2025 edition of Daily FT.
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