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Colombo Rubber Traders' Association warns of industry-wide fallout from 30% US tariff on Sri Lankan rubber goods
Daily FT
|July 16, 2025
Calls for immediate high-level Govt. action to safeguard exports and rural livelihoods
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THE Colombo Rubber Traders Association (CRTA) which is the apex body representing Sri Lanka's natural rubber industry, yesterday issued a strong statement expressing deep concern over the United States' recent decision to impose a 30% import tariff on Sri Lankan rubber goods, effective 1 August 2025.
The Association warned that the move poses a grave threat to Sri Lanka's rubber exports, especially to value-added segments such as solid tires, gloves, and industrial components.
"While the reduction from 44% to 30% may have averted complete exclusion from the US market, it in no way constitutes a competitive or sustainable solution for our exporters," CRTA Chairman Harin de Silva said.
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