US President Donald Trump has issued a new tariff letter, adding Sri Lanka to his list of tariffs.
The letter reduces the 44% tariff imposed in April on goods imported from Sri Lanka to 30%. However, before April, the US imposed a 12.2% tariff on Sri Lankan goods.
Accordingly, the existing tariff on Sri Lanka has been more than doubled.
A copy of the letter has been posted on the President’s Truth Social social media platform.
