Sri Lanka, April 3 -- The Ceylon Chamber of Commerce (CCC) today expresses deep concern over the imposition of a 44% tariff on Sri Lankan exports to the United States.

US President Donald Trump announced sweeping tariffs yesterday on major trade partners, including China and the European Union.

"With the US accounting for approximately USD 3 billion in exports and 25% of Sri Lanka's total merchandise export, this development poses a significant challenge to the country's trade and economic stability," the chamber said in a statement.

Additionally, broader global trade disruptions could slow economic growth, affecting overall demand in key export markets such as the US and the EU, it warned.

The CCC said it appreciates the President of...