Sri Lanka, July 11 -- In a shocking move that sent tremors through Sri Lanka's export sector, U.S. President Donald J. Trump announced a 30% tariff on Sri Lankan apparel imports into the United States. With over 45% of the country's merchandise exports tied to the apparel sector, the announcement is more than a trade adjustment - it is a strategic body blow to the Sri Lankan economy.
But this shock is not just about numbers or exports. It has exposed a dangerous truth: that Sri Lanka's decades-long dependence on neoliberal free trade dogma championed by the IMF and World Bank has left it economically vulnerable, strategically irrelevant, and dangerously underprepared for the real world of power-driven trade. And worse still, the next blo...
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