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Apparel industry faces shock as US imposes high tariffs

Daily FT

|

April 04, 2025

JAAF Secretary General Yohan Lawrence says tariff level is 'extremely high' relative to regional competitors Asserts impact will be swift and severe

Apparel industry faces shock as US imposes high tariffs

Opines bulk of US business will migrate to competitor markets; volume of business simply cannot be replaced via other markets

States situation is serious, must be addressed as a matter of national urgency

Commends immediate actions taken by Govt. to discuss situation; engages with authorities on way forward

SRI Lanka's apparel industry is bracing for a severe economic shock following the US's announcement of steep new tariffs under its Reciprocal Tariff policy.

Daily FT

यह कहानी Daily FT के April 04, 2025 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

क्या आप पहले से ही ग्राहक हैं?

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