Sri Lanka Considers High Import Taxes Amid US Tariff Pressure - Ajith Perakum Jayasinghe
Recently, the US government imposed a 30% tariff on Sri Lankan exports, effective August 1, 2025. While this is lower than the initially threatened 44%, it’s still significantly higher than tariffs faced by some of Sri Lanka’s competitors, like Vietnam (20%). This new US tariff puts significant pressure on Sri Lanka’s crucial apparel sector, which heavily…