US President Trump imposes 44% tariff on Sri Lanka
US President Donald Trump has announced 'reciprocal' tariffs on countries worldwide, including a 44% tariff on all goods from Sri Lanka.
The tariffs were imposed in response to what Trump said were 'Tariffs charged to the US including currency manipulations and Trade Barriers'.
The 44% tariff on Sri Lanka marks the fourth-highest tariff on an Asian country imposed by the United States, which is the top destination for Sri Lankan goods worldwide.