Opposition Leader Sajith Premadasa has applauded the revised and reduced 20% reciprocal tariff rate on Sri Lanka imposed by the United States (US).
In a post on ‘X’, MP Premadasa said that this places Sri Lanka with Vietnam and Bangladesh, while India pays a 25% tariff.
“Glad US cut tariffs to 20 % for Sri Lankan goods. Puts us with Vietnam and Bangladesh, while India pays 25 %. We should aim for under 15% to give our exporters a real lift. We should have a team of trade economists and lead negotiators to keep pushing,” he added.
The Opposition Leader’s comments come after the United States officially confirmed today that Sri Lanka’s reciprocal tariff rate will be 20%, reduced from the previously imposed 30% under Executive Order 14257.
The announcement was made via a presidential order issued on July 31, following months of negotiations with U.S. trade authorities. Sri Lanka was listed among a group of countries that secured improved rates after offering what the U.S. described as “meaningful trade and security commitments.”
According to the order, the revised rates will take effect seven days after their issuance, on August 7, 2025, with exemptions for goods already in transit before that date. (Newswire)
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