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Ceylon Chamber urges continued engagement to secure further US tariff reduction
10 Jul 2025 (4:41 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) Energy Minister-Trade union reps discuss draft legislation on CEB restructuring
10 Jul 2025 (8:31 PM) Shallow earthquake of magnitude 4.4 jolts Delhi-NCR
10 Jul 2025 (4:36 PM) Brazil vows to match US tariffs after Trump threatens 50% levy
10 Jul 2025 (10:46 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. 
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. 
A discussion has been between trade union representatives and Minister of Energy Kumara Jayakody regarding the draft legislation and process related to the restructuring of the Ceylon Electricity Board (CEB), at the Ministry of Energy premises. MORE..
A relatively mild earthquake of magnitude 4.4 jolted Delhi and nearby areas on Thursday morning. The earthquake originated around Jhajjar in Haryana and was felt across the National Capital Region. 
Brazilian President Luiz Inácio Lula da Silva has said he is ready to match any tariffs imposed on Brazil by the United States. 
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.
