Sri Lanka, April 4 -- The Ceylon Chamber of Commerce expresses deep concern over the imposition of a 44% tariff on Sri Lankan exports to the United States (US). With the US accounting for approximately USD 3 billion in exports and 25% of Sri Lanka's total merchandise export, this development poses a significant challenge to the country's trade and economic stability. Additionally, broader global trade disruptions could slow economic growth, affecting overall demand in key export markets such as the US and the EU.
We appreciate the President setting up a committee to evaluate the impact of the US tariffs and provide solutions to mitigate potential risks to the export sector. Since we are halfway through the IMF Extended Fund Facility progra...