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Ceylon Chamber urges continued engagement to secure further US tariff reduction
10 Jul 2025 (4:41 PM) US pledges to continuously support Sri Lanka s health and mass media sectors
10 Jul 2025 (10:31 PM) Trump s 30% tariff will be in addition to existing duties on Sri Lankan exports to US - Hulangamuwa
10 Jul 2025 (4:14 PM) Wife of Harak Kata among arrested with Kehelbaddara Padme and Commando Salinda in Malaysia
10 Jul 2025 (4:29 PM) Gold prices rise as Dollar weakens amid uncertainty with Trump Tariffs
10 Jul 2025 (5:37 PM) Trump Tariff- Exports volume will reduce but real challenge is rates of Sri Lanka s competitors - expert
10 Jul 2025 (7:23 PM) |
The Ceylon Chamber of Commerce (CCC) has welcomed the reduction by the United States in the reciprocal tariff rate from 44% to 30% and urged the government to continue discussion with US authorities. 
A meeting between Minister of Health and Mass Media, Dr. Nalinda Jayatissa and U.S. Ambassador to Sri Lanka Julie J. Chung, was held this afternoon (10), at the Ministry of Health premises. 
The reciprocal 30% tariff proposed by the US President Donald Trump yesterday (09), will be in addition to the existing duties imposed on products exported from Sri Lanka to the US, said the Senior Economic Advisor to the President, Duminda Hulangamuwa. 
The wife of Nadun Chinthaka Wickremeratne, alias "Harak Kata", who is also believed to be the mistress of "Kehelbaddara Padme", has reportedly been arrested by Interpol along with her child in Malaysia. 
Gold prices rose on Thursday, driven by the weakness of the U.S. dollar amid heightened global trade tensions, following President Donald Trump s imposition of reciprocal tariffs on several countries. 
The reduction in US reciprocal tariff on exports from Sri Lanka to 30% from previously announced 44% is positive news for local businesses, however the rate is a substantial increase from the existing 10% duty, Economist Dhananath Fernando stated. Copyright © 2007 - 2025 Col3neg. All Rights Reserved.
