Sri Lanka Optimistic in Tariff Talks with U.S.
Sri Lanka remains hopeful about reaching a mutually beneficial agreement with the U.S. concerning a new 20% reciprocal tariff announced by President Trump. The country's treasury secretary confirmed ongoing trade discussions with American officials, aiming for a positive resolution on the tariff issue.
Sri Lanka is optimistic about resolving the new trade tariff issue with the United States, according to the treasury secretary of the South Asian country, who spoke on Friday. This comes after President Donald Trump announced a reciprocal tariff of 20% on imports from Sri Lanka.
The island nation's treasury official remains confident that both countries can work toward a mutually beneficial agreement concerning the tariffs. Officials on both sides are actively engaging in discussions to ensure a positive outcome.
Sri Lanka's government is striving to maintain its trade relationships and is hopeful that continued dialogue with U.S. counterparts will lead to favorable results.
(With inputs from agencies.)
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