Sri Lanka apparels will get duty free access to the United Kingdom under rules unveiled on July 10, as part of a 'Trade for Development' initiative, the British Embassy in Colombo said.

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.

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.

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.

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,

Charging taxes on HS Code for thousands for small parcels coming from foreign online sales platforms is not practical, and goes against modern cross-border trading that is working well in other countries,

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,