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Sri Lanka has to take new approach to trade: Analyst

Summary by EconomyNext
ECONOMYNEXT – Sri Lanka has to take a new approach to trade, fostering regional trade, an analyst has said, after the island nation was hit by a 44 percent tariff on goods exported to the US. “Sri Lanka has to take a new approach to trade, focusing on regional trade partnerships and openness to trade,” Economist and director at Arutha Research Rehana Thowfeek told EconomyNext. “It should have diversified its export basket and destinations a long…
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EconomyNextEconomyNext

Sri Lanka has to take new approach to trade: Analyst

ECONOMYNEXT – Sri Lanka has to take a new approach to trade, fostering regional trade, an analyst has said, after the island nation was hit by a 44 percent tariff on goods exported to the US. “Sri Lanka has to take a new approach to trade, focusing on regional trade partnerships and openness to trade,” Economist and director at Arutha Research Rehana Thowfeek told EconomyNext. “It should have diversified its export basket and destinations a long…

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Sourcing JournalSourcing Journal

Sri Lanka Assembles Task Force to Address US Tariffs

President Trump announced a 44 percent tariff on Sri Lanka exports to the US on April 2.

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ft.lkft.lk

Trump’s tariff terrorises Sri Lanka

US President Donald Trump’s decision to slap a high 44% tariff on Sri Lankan products yesterday terrorised the country’s private sector and analysts who issued severe warnings prompting the Government to take immediate action.

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ft.lk broke the news in on Friday, April 4, 2025.
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