Sri Lanka’s failure to reduce tariffs on goods exported to the US is the result of weak and arrogant negotiations, says Opposition Leader Sajith Premadasa.
He made the remarks in response to the recent imposition of 30% US tariffs on Sri Lankan goods.
“A 30% US tariff on Sri Lankan exports is the price we pay for weak negotiations. Nearly $3 billion worth of exports are now at risk,” he tweeted.
He described the situation as a case study in the dangers of relying on ‘textbook experts’ for complex real-world negotiations.
He made these comments amid growing concerns among exporters and trade bodies about the impact of increased tariffs, which have now been reduced from 44% in April but remain significantly high.
