Sri Lanka, April 4 -- Sri Lanka hit with 44% tariffs on exports to the US effective 9 April

Sri Lanka among U.S.' "bad trading actors" with a significantly unfavourable trade deficit

Sri Lanka exports US$ 3.0 billion worth of goods to the U.S. while importing only US$ 500 million worth of goods from them

Apparel is hit the hardest, accounting for up to 70 percent of total exports to the U.S Government appoints a committee to assess the impact and is willing to engage with the Trump administration to seek relief

The United States has imposed a 44 percent reciprocal tariff on Sri Lankan exports, sending policymakers into panic mode as they scramble to assess the impact and seek relief for the trade-dependent nation.

As reported by Mi...