header logo
Mogo Academy
Latest
Sri Lanka gets largest US tariff cut, says Deputy Foreign Minister
Jul 10, 202509:50 AM
Sri Lanka gets largest US tariff cut, says Deputy Foreign Minister
Mobitel Inner

US President Donald Trump has decided to impose a 30% reciprocal tariff on all goods imported from Sri Lanka. The White House has issued an official letter informing President Anura Kumara Dissanayake of this decision.

 

On April 2, the US President had initially imposed a 44% reciprocal tariff on Sri Lankan imports, granting a grace period for its implementation. That grace period ended on July 9, and the new 30% tariff will take effect from August 1, 2025.

 

In the letter, the US President further stated that if Sri Lanka increases its tariffs, the United States will impose an equivalent additional percentage on top of the existing 30%. The letter reads, “If for any reason you decide to raise your Tariffs, then, whatever the number you choose to raise them by, will be added onto the 30% that we charge. Please understand that these Tariffs are necessary to correct the many years of Sri Lanka’s Tariff, and Non-Tariff, Policies and Trade Barriers, causing these unsustainable Trade Deficits against the United States.”

 

Meanwhile, the Ministry of Foreign Affairs, Foreign Employment & Tourism stated that the reduction of the tariff on Sri Lankan exports to the US from 44% to 30% is a positive approach. 

 

Deputy Minister of Foreign Affairs & Foreign Employment, Arun Hemachandra, highlighted that Sri Lanka received the largest tariff reduction among all countries listed. He attributed this to strong bilateral relations and diplomatic engagement between the two nations.

 

In addition to Sri Lanka, the US President imposed new tariffs on six other countries yesterday. Accordingly, a 30% tariff was also imposed on Algeria, Iraq, and Libya.

 

The US has imposed 25% tariffs on Brunei and Moldova, and a 20% tariff on the Philippines.

 

In addition, last Monday, the US President announced new tariffs on 14 countries.

 

Meanwhile, the US President has also announced his intention to impose a 50% tariff on Brazil.

 

 

 

RelatedNews
MostRead
Mobitel Upahara
VideoStories
Farmers struggle continues as paddy prices plummet; PMB buys over 1 million kg of ‘Yala’ paddy

Farmers struggle continues as paddy prices plummet; PMB buys over 1 million kg of ‘Yala’ paddy

“Final salute to a dedicated officer ”Former IGP Wickramaratne laid to rest with full police honours

“Final salute to a dedicated officer ”Former IGP Wickramaratne laid to rest with full police honours

 Dengue situation worsening in Sri Lanka; Caseload surpasses 76,000 with 162 MOH areas at high risk

Dengue situation worsening in Sri Lanka; Caseload surpasses 76,000 with 162 MOH areas at high risk

 12 years at the heart of every breaking story Ada Derana News Channel marks another milestone

12 years at the heart of every breaking story Ada Derana News Channel marks another milestone

“Sri Lanka reclassified as Upper-Middle Income economy” What are the benefits for the people?

“Sri Lanka reclassified as Upper-Middle Income economy” What are the benefits for the people?

Former Presidents, politicians pay last respects to ex-Police Chief; Final rites tomorrow in Borella

Former Presidents, politicians pay last respects to ex-Police Chief; Final rites tomorrow in Borella

Women account for most dengue fatalities in 2026; PHIs take legal action against 10,000 individuals

Women account for most dengue fatalities in 2026; PHIs take legal action against 10,000 individuals

“Many have lost faith and trust in God” Cardinal says modern society prefers football over religion

“Many have lost faith and trust in God” Cardinal says modern society prefers football over religion

Govt has belittled and ridiculed country's farmers - MP Dilith Jayaweera

Govt has belittled and ridiculed country's farmers - MP Dilith Jayaweera

Who supplied fake QR stickers found on liquor bottles? MP Harsha de Silva questions

Who supplied fake QR stickers found on liquor bottles? MP Harsha de Silva questions

Farmers raise concerns over unopened govt paddy warehouses

Farmers raise concerns over unopened govt paddy warehouses

Over 1,500 fatalities reported from road accidents so far this year - Sri Lanka Police

Over 1,500 fatalities reported from road accidents so far this year - Sri Lanka Police

Former IGP C.D. Wickramaratne found dead in suspected suicide at Malabe residence

Former IGP C.D. Wickramaratne found dead in suspected suicide at Malabe residence

Appeal Courts postpones further hearing of Suresh Sallay’s writ petition to July 21

Appeal Courts postpones further hearing of Suresh Sallay’s writ petition to July 21

“Democracy must be defended from elected leaders” - Former BASL President

“Democracy must be defended from elected leaders” - Former BASL President

Lassana Flora