According to the Joint Apparel Association Forum, the 44% tariffs imposed by the White House risk causing a serious setback. Textiles make up 64% of Sri Lanka's exports for 1.8 billion dollars in ...

By Shiran Illanperuma On Thursday, 3 April, Sri Lankans woke up to the alarming news that the US, the country’s single largest export destination, would be applying 44% tariffs. These tariffs will hit ...

In an interconnected global economy, the trade policies of major powers like the United States have far-reaching consequences ...

When combined with direct exports of textiles, Sri Lanka's overall export value surpassed the $5bn mark, with JAAF suggesting it showcases the country's resilience in the face of both local and ...

Sri Lanka has been facing deficits in its current account for decades, partly due to the government’s inability to diversify sources of income. Its main exports are textiles, garments ...

US President Donald Trump’s decision to slap a high 44% tariff on Sri Lankan products yesterday terrorised the country’s ...

Sri Lanka’s trade relations with the European Union (EU) have been significantly shaped by the Generalised Scheme of ...

Sri Lanka is seeking points of leverage and will explore export alternatives with the United States to overcome the uncertainty arising from heavy tariffs imposed by the Trump Administration this week ...

In January this year, the Joint Apparel Association Forum (JAAF) revealed Sri Lanka’s apparel exports grew nearly 5% reaching $4.7bn in 2024 and exceeded $5bn when combined with direct textiles ...

Opposition MP Ravi Karunanayake raised concerns in Parliament on Tuesday (18) about the potential impact of US President Donald Trump’s trade policies on Sri Lanka’s key export sectors, such as ...