Sri Lanka, April 3 -- Key sectors such as apparel and rubber products particularly vulnerable US President Trump refers to the tariffs as a "Liberation Day" An analysis shows that Sri Lanka's higher tariff regime, including customs duties and other levies, makes it more exposed compared to the U.S. Sri Lanka's government is yet to officially assess the full impact of the newly implemented tariffs. Sri Lanka faces potential export headwinds as reciprocal tariffs imposed by the United States take effect today. Key sectors such as apparel and rubber products are particularly vulnerable.

The tariffs, which US President Donald Trump refers to as "Liberation Day" for US trade policy, were initially expected to target nations with persistent tr...