The Philippines, Sri Lanka, Algeria, Iraq, Libya, Brunei and Moldova are the latest tariff targets. Read more at straitstimes.com. Read more at straitstimes.com.

Distress is in store for Sri Lanka's garments sector if the island nation is unable to clinch a tariff lower than the 30% figure U.S. President Donald Trump has clamped on imports from Colombo, a top industry body warned on Thursday.

The 30% U.S. tariff on Sri Lankan exports is the price we pay for poor negotiation,” Opposition Leader Sajith Premadasa said in his X message. ..

Imposed 30% tariffs on Libya, Iraq, Sri Lanka, and Algeria.Slapped 25% tariffs on Moldova and Brunei.Announced 50% tariffs on Brazil.Global oil demand growth is likely to see a slowdown in third and fourth quarter as pressure from US tariff rises said Bloomberg.

Sri Lanka's garment sector may face significant challenges due to a proposed 30% tariff by U.S. President Donald Trump. The country exports a substantial portion of its apparel to the U.S., making this levy a potential economic obstacle.

Sri Lanka's updated tariff was 30 percent, down from 44 percent announced in April, while the figure for Iraq was 30 percent, down from 39 percent. The Philippines, however, saw a 20 percent levy, up from 17 percent announced previously. While the ...

Sri Lanka's opposition criticizes the government's handling of a 30% US tariff on imports, warning of job losses and economic impact. Analysts point to poor negotiations.

In the wake of U.S. President Donald Trump firing off letters to 14 countries announcing new reciprocal tariff rates while delaying the implementation of the same for other countries till August 1, Sri Lanka continues to remain engaged with the U.

Sri Lanka’s economy could face a significant blow, with the Free Trade Zone Manufacturers’ Association (FTZMA) yesterday cautioning that the proposed tariffs by US President Donald Trump may trigger the loss of up to 50,