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Daily FT
|July 14, 2025
The Association highlighted that Sri Lanka’s tyre exports face a significant threat from the new 30% US tariff. Vietnam currently faces only a 20% tariff, while India’s rate is yet to be finalised.
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“If India’s tariff is settled below ours, our tyre sector will face a serious setback,” Janadheera stated.
The threat is particularly severe in the solid tyre segment, which exports over 50% of its global volume to the US. With over 80% of global demand for specialised solid and press-on tyre designs coming from the American market, a 30% tariff would severely undermine Sri Lanka’s price competitiveness, likely prompting global buyers to shift towards countries that enjoy lower tariffs.
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