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USA imposes 44% tariff on Sri Lankan exports, risking $5.5B apparel industry and jobs.
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.
This tariff could lead to job losses and economic strain.
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.
The government also plans to negotiate with the US to reduce the tariff rates.
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EE.UU. impone un arancel del 44% a las exportaciones de Sri Lanka, arriesgando la industria de la confección y el empleo de $5.5B.