US President Donald Trump has issued an executive order imposing a 44 percent tariff on Sri Lankan goods, citing it as a reciprocal measure to what he described as the 88 percent in taxes and trade barriers imposed by Sri Lanka on the United States.
The United States remained Sri Lanka’s largest export destination, accounting for 23% of total merchandise exports.
Total export value from Sri Lanka to United States was USD 2,758.57 Mn in 2023 and total imports from United States to Sri Lanka for the same period were USD 507.40 Mn. United States is the 3rd import origin for Sri Lanka in 2023.
Sri Lanka’s main export products to United States in 2023 were Men’s and Women’s Under Garments, Women’s Outerwear, Men’s Outerwear, Pneumatic & Retreated Rubber Tyres & Tubes, T-shirts, Gloves, Mitts & Mittens of Textile, Warm Cloths (Jerseys, Pullovers etc), Motor Vehicles & Parts, Active wear/Sportswear, and Babies’ Garments.
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