Sri Lanka, April 3 -- Sri Lanka is yet to assess the impact of the reciprocal tariffs imposed by the Trump administration, which take effect today, April 3, following the announcement on April 2. US President Donald Trump has referred to this as the "Liberation Day" for the US trade policy.

Although there was some expectation until about a week ago that the coming tariffs of about 15 percent would be confined to the US trading partners with the persistent trade imbalances - a so-called "dirty 15", Trump recently said it would be imposed on all imports but at much lower level than what those countries do to the US.

Sri Lankan policymakers acknowledge the uncertainty caused by these tariffs but Central Bank Governor Dr. Nandalal Weerasing...