Srilanka, July 12 -- In the conduct of negotiations for the reduction of reciprocal tariffs, the U.S. authorities have proposed some restrictive measures on trading with China, but Sri Lanka has declined to do so in principle in conformity with its neutral foreign policy, the Daily Mirror learns.
Sri Lanka is among the countries that secured one of the largest reductions of President Donald Trump's reciprocal tariffs. President Trump fired off a letter to his Sri Lankan counterpart, Anura Kumara Dissanayake, announcing that Sri Lankan products entering the U.S. market would be charged a 30 per cent tariff, a reduction from 44 per cent initially announced.
Sri Lanka currently remains happy since the tariff rate is lower than most othe...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.