Sri Lanka Seeks Positive Trade Outcomes Amid U.S. Tariff Announcement
Sri Lanka intends to engage in trade discussions with U.S. officials following President Trump's announcement of a 19% reciprocal tariff on Sri Lankan imports. The nation's treasury secretary remains optimistic about reaching a mutually beneficial agreement on tariffs between Sri Lanka and the United States.
- Country:
- Sri Lanka
Sri Lanka is set to continue trade talks with officials from the United States after a significant announcement from President Donald Trump. A reciprocal tariff of 19% on imports from Sri Lanka has been declared by the U.S. administration, causing concerns over trade relations.
Despite the tariff hike, Sri Lanka remains hopeful about negotiating a favorable trade agreement. Speaking to reporters, the country's treasury secretary emphasized the potential for both nations to arrive at a mutually beneficial outcome in ongoing tariff discussions.
The South Asian island nation is optimistic about finding common ground with the U.S., aiming for positive trade outcomes in the face of new economic challenges posed by the imposed tariffs.
(With inputs from agencies.)
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