Trump tariff concessions advantageous but challenges formidable, warns Karu Jayasuriya

NMSJ Leader Karu Jayasuriya says Sri Lanka's manufacturing sector is one of least productive sectors Asserts manufacturing sector is beset by high electricity tariffs, too many holidays and strikes

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NATIONAL Movement for Social Justice (NMSJ) Leader Karu Jayasuriya in a statement said that the fact that US President Donald Trump has reduced the export tariff rate on Sri Lanka from 44% to 20% can be considered a form of concession given the challenges the country faced.

However, Jayasuriya emphasised the need for Sri Lanka to act collectively and wisely, given the competitive situation arising from Asian countries in the future export of goods from Sri Lanka to the US.