COYLE reacts to US 44%: spearheads Advisory Council for economic resilience

COYLE (The Chamber of Young Lankan Entrepreneurs), reacting to the US imposition of 44% reciprocal tariffs, is seeking to collaborate and offer support to government officials by assembling a panel of export oriented industry specialists in this time of need, a news release from the organization said.

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COYLE described itself as as a vibrant community of entrepreneurs, inclusive of a number of well-experienced Export Revenue generating entrepreneurs and manufacturers. Various products and services operated by our members generate some of the highest income in the export trade market in Sri Lanka.

"This initiative is a result of the United States' imposition of a 44% reciprocal tariff on select import categories." The release said. "This new tariff is expected to affect the volumes of exports, businesses of assisted services and employment. Recognizing the potential long-term consequences of this change, COYLE is collaborating with stakeholders across the government as a source of support."