Sri Lankans react to Trump’s 44-pct reciprocal tariff
- CNL Reporter
- April 4, 2025
- Political
- Trump
- 0 Comments
Sri Lanka is expected to hit hard by U.S. President Donald Trump’s reciprocal tariff with export sector which has more than 300,00 0 labour force is expected to face adverse impacts.
Hear the comments from Sri Lankan researchers and stake holders in the export industry over Trump’s 44 percent tariff for Sri Lankan products.
Rohan Masakorala, CEO, Shippers Academy, Colombo said “There was information of a possible tariff hike on March 5. But nobody was preparing for that. Everybody is surprised today.”
“The main reason for this is our past bad economic governance. There is lack of openness and liberalisation in the economy. The Trump’s decision is going to affect investments into Sri Lanka, current and future exports from the country, and diversification of exports
