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U.S. cuts tariff on Sri Lankan imports to 20%, aiding Sri Lanka's economy and markets.
The U.S. has announced a reduced 20% tariff on Sri Lankan exports, effective August 7th.
This is a significant decrease from the initial 44% tariff proposed in April.
Sri Lankan officials and exporters welcomed the reduction, as it helps maintain competitiveness with rivals like Vietnam and Bangladesh.
The move has positively impacted Sri Lanka's stock market and currency.
Despite the reduction, Sri Lanka's opposition leader calls for further negotiations to reduce tariffs below 15%.
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EE.UU. recorta los aranceles a las importaciones de Sri Lanka al 20%, ayudando a la economía y los mercados de Sri Lanka.