Sri Lanka, July 10 -- US President Donald Trump has decided to impose a 30% reciprocal tariff on all goods imported from Sri Lanka. The White House has issued an official letter informing President Anura Kumara Dissanayake of this decision.
On April 2, the US President had initially imposed a 44% reciprocal tariff on Sri Lankan imports, granting a grace period for its implementation. That grace period ended on July 9, and the new 30% tariff will take effect from August 1, 2025.
In the letter, the US President further stated that if Sri Lanka increases its tariffs, the United States will impose an equivalent additional percentage on top of the existing 30%. The letter reads, "If for any reason you decide to raise your Tariffs, then, what...
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