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flag USA imposes 44% tariff on Sri Lankan exports, risking $5.5B apparel industry and jobs.

flag The US has imposed a 44% tariff on Sri Lankan exports, threatening the country's economy, especially its apparel industry, which exports over $5.5 billion annually to the US. flag This tariff could lead to job losses and economic strain. flag In response, Sri Lanka's President Anura Kumara Dissanayake has formed a committee to evaluate the impact and seek diplomatic solutions to mitigate the effects of these tariffs. flag The government also plans to negotiate with the US to reduce the tariff rates.

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