Sri Lankan garment sector is set to benefit following reforms by the British government to simplify imports from developing countries like Sri Lanka

The new tariff rates threatened in the letters Trump shared Wednesday are similar to those he announced on what the White House dubbed “Liberation Day” in early April.

In a shocking move that sent tremors through Sri Lanka’s export sector, U.S. President Donald J. Trump announced a 30% tariff on Sri Lankan apparel imports into the United States. With over 45% of the country’s merchandise exports tied to the apparel sector,

The UK has announced tariff-free entry for Sri Lankan garments, providing a boost amid the US's 30% tariff imposition. This development is expected to benefit both the Sri Lankan garment sector and UK consumers.

U.S. President Donald Trump on Wednesday issued a round of tariff letters to seven countries, including Algeria, Iraq, Libya, Sri Lanka and the Philippines.

Sri Lanka would continue to engage with the US for a “mutually beneficial” outcome on tariffs, a top finance ministry official said on Thursday, after Washington imposed a 30 per cent tariff on all Sri Lankan imports to the country.

The Ceylon Chamber of Commerce yesterday described the proposed 30% tax on Sri Lankan imports to the US as opposed to 44% mooted earlier was a “significant step.” ..

For four countries, the tariff rates announced Wednesday are below their April 2 levels, while three countries will see an increase — with Brazil hit hard, in particular.