Colombo, April 11 -- A Sri Lankan think tank, Verite Research, has suggested a global response to Trump's reciprocal tariffs Instead of individual countries rallying against the move.
It urged the Sri Lankan Government and the world for a multilateral 'Cooperative Common Response' to the US tariff hike to stop further damage to the rules-based trade order in the world.
"As countries line up to negotiate bilaterally with the United States on exceptional arrangements, to mitigate the individual country impact of the unilateral action, Verite Research.. is calling its government and the world to forge a multilateral approach instead," it said in a statement, according to EconomyNext.
Earlier, Trump had imposed a 44 percent reciprocal tariff...