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Trump s 30% tariff will be in addition to existing duties on Sri Lankan exports to US - Hulangamuwa
10 Jul 2025 (4:14 PM) Gold prices rise as Dollar weakens amid uncertainty with Trump Tariffs
10 Jul 2025 (5:37 PM) Shallow earthquake of magnitude 4.4 jolts Delhi-NCR
10 Jul 2025 (4:36 PM) Trump Tariff- Exports volume will reduce but real challenge is rates of Sri Lanka s competitors - expert
10 Jul 2025 (7:23 PM) Bangladesh proposes to increase imports from US in tariff talks
10 Jul 2025 (9:04 PM) Ceylon Chamber urges continued engagement to secure further US tariff reduction
10 Jul 2025 (4:41 PM) |
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. 
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. 
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. 
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. 
Bangladesh has proposed to increase imports from the US on the first day of tariff talks between the two countries, a Bangladeshi official said on Thursday. 
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. Copyright © 2007 - 2025 Col3neg. All Rights Reserved.
