Sri Lanka expects to continue negotiations with the US after President Donald Trump’s decision to reduce tariffs on the island nation is seen as a “good start” by Colombo which had primarily negotiated to preserve its competitive advantage,

Sri Lankas main opposition has slammed the government over the 30 per cent tariff imposed by the US on all imports from the island nation, calling it a result of poor negotiations. The US on Wednesday sent letters to the heads of seven countries,

In a post on Truth Social, President Trump said these tariffs on Sri Lanka will kick in from August 1 and warned the country against transshipping to evade the levies.