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India's export “gamechanger”: Trump slashing tariffs to 18% undercuts Asian rivals

Daily FT

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February 07, 2026

Exporters say new trade deal to lead to an immediate and substantial release of orders that were earlier put on hold US is India's largest export market with shipments in FY25 valued at $ 86.51 b

India's export “gamechanger”: Trump slashing tariffs to 18% undercuts Asian rivals

The Hindu Business Line: The tariff cuts announced by US President Donald Trump, slashing duties on Indian goods from 50% to 18%, would be a major “game-changer” for the competitiveness of Indian exports vis-à-vis other Asian suppliers, as it brings tariffs to one of the lowest, exporters say.

"Indian tariffs are now among the lowest. We have swung from the highest to the lowest amongst all neighbours. Textiles and apparels is up for a big boom," said ICC National Expert Committee on Textiles, Textiles Exporter and Chair Sanjay Jain.

PLUS D'HISTOIRES DE Daily FT

Daily FT

Daily FT

Economists say policy instability threatens economic revival

Sri Lanka Economic Association annual sessions kicks off yesterday Frequent policy reversals flagged as barrier to investment and sustained growth IMF-backed stabilisation credited with restoring macro balance, but growth risks persist Services sector seen as key lever, yet remains largely inward-looking Long-term “policy locks” urged to escape middle-income trap

time to read

2 mins

February 07, 2026

Daily FT

Daily FT

Ceylon Federation of MSMEs calls for binding reforms to correct postcrisis lending practices

■Claims voluntary guidelines and temporary concessions have repeatedly failed to protect borrowers during crises Points to international shift away from bankcontrolled interest rate benchmarks Highlights need for greater transparency in Sri Lanka's own interest rate framework

time to read

3 mins

February 07, 2026

Daily FT

JVP's Tilvin meets Indian External Affairs Minister Dr. Jaishankar

Discuss strengthening Sri Lanka-India ties

time to read

1 min

February 07, 2026

Daily FT

Daily FT

President launches Mahaiyawa underpass, work on Kandy-Gatambe flyover resumes

CONSTRUCTION of two major road infrastructure projects aimed at easing traffic congestion in Kandy formally moved forward yesterday, with President Anura Kumara Dissanayake presiding over the commencement of the Mahaiyawa underpass and the resumption of the long-stalled Kandy-Gatambe flyover.

time to read

1 mins

February 07, 2026

Daily FT

CSE ends week on the up; YTD net foreign selling nears Rs. 12 b

THE Colombo stock market ended the week on the up on strong high net worth participation while foreign investors continued to be net sellers with YTD outflows totalling nearly Rs. 12 billion.

time to read

1 mins

February 07, 2026

Daily FT

LAUGFS Gas raises domestic cylinder prices from midnight

LAUGFS Gas yesterday announced an increase in domestic liquefied petroleum gas (LPG) refill prices, with the revised rates coming into effect from midnight (6 February).

time to read

1 min

February 07, 2026

Daily FT

Daily FT

India's export “gamechanger”: Trump slashing tariffs to 18% undercuts Asian rivals

Exporters say new trade deal to lead to an immediate and substantial release of orders that were earlier put on hold US is India's largest export market with shipments in FY25 valued at $ 86.51 b

time to read

1 mins

February 07, 2026

Daily FT

Daily FT

T20 World Cup kicks off today boosting cricket and tourism in Sri Lanka

THE 10th edition of ICC Men's T20 World Cup will kick off today in Sri Lanka boosting cricket and tourism during a month-long engagement.

time to read

1 min

February 07, 2026

Daily FT

Daily FT

Mogo Studios unveils trailer of Sri Lanka's first animated feature for global release

MOGO Studios has officially released the trailer for The Secret of the Moonstone, marking a historic milestone as Sri Lanka's first fully produced animated feature film created for a global audience.

time to read

2 mins

February 07, 2026

Daily FT

MPs' Pension Repeal Bill can pass with simple majority: SC

THE Supreme Court has ruled that the Parliamentary Pensions (Repeal) Bill does not contain any provisions that are inconsistent with the Constitution, allowing it to be passed by Parliament with a simple majority.

time to read

1 min

February 07, 2026

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