Tag:tariffs

Trump’s message also came with a warning: any retaliatory tariff by Bangladesh would be matched with further US tariff increases. “Whatever the number you choose to raise them by will be added onto the 35 per cent that we charge,” he stated.

Despite their marginal impact, many of these countries could face tariff rates as high as 50 per cent, such as Lesotho, while Cameroon could face 11 per cent.

According to the US Trade Representative’s findings, Sri Lanka’s high tariff rates – among the world’s highest by certain metrics – along with unpredictable customs procedures and non-transparent policy shifts, have contributed to strained trade relations.

For businesses and policymakers alike, unpredictability and uncertainty in trade and investment is becoming a serious obstacle to growth and planning.

Donald Trump’s proposed tariff hikes have sparked concerns among Sri Lanka's exporters. This report from Sri Lanka’s Institute of Policy Studies says that the...

While large corporations may have the ability to weather such inefficiencies, small and medium-sized enterprises, in particular, are vulnerable to these delays, as they...