The UK has announced tariff-free entry for Sri Lankan garments, providing a boost amid the US's 30% tariff imposition. This development is expected to benefit both the Sri Lankan garment sector and UK consumers.

The new tariff rates threatened in the letters Trump shared Wednesday are similar to those he announced on what the White House dubbed “Liberation Day” in early April.

In a shocking move that sent tremors through Sri Lanka’s export sector, U.S. President Donald J. Trump announced a 30% tariff on Sri Lankan apparel imports into the United States. With over 45% of the country’s merchandise exports tied to the apparel sector,

U.S. President Donald Trump on Wednesday issued a round of tariff letters to seven countries, including Algeria, Iraq, Libya, Sri Lanka and the Philippines.

Sri Lanka would continue to engage with the US for a “mutually beneficial” outcome on tariffs, a top finance ministry official said on Thursday, after Washington imposed a 30 per cent tariff on all Sri Lankan imports to the country.

The Ceylon Chamber of Commerce yesterday described the proposed 30% tax on Sri Lankan imports to the US as opposed to 44% mooted earlier was a “significant step.” ..

President Trump is again amping up his trade threats, unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August. Trump on Wednesday posted to social media six letters,