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Sajith: Were trade negotiations handled in nation's best interest?

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July 11, 2025

Opposition and SJB Leader Sajith Premadasa yesterday warned that the 30% reciprocal tariff imposed on Sri Lanka by US President Donald Trump would have a serious negative impact on the country's export sector.

Making a special statement, Premadasa said the new tariff would severely affect key industries such as apparel, tea, rubber, information technology, and fisheries. He said that the United States accounts for 26.4% of Sri Lanka's exports and that in 2024, the total value of exports to the US stood at USD 3.8 billion.

He warned that imposing a 30% duty under the US's reciprocal tariff strategy would create major challenges for exporters.

Currently, 60% of Sri Lanka's apparel exports are destined for the US, and this tariff is expected to result in a 30-40% drop in orders, he said.

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यह कहानी The Island के July 11, 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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