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Filtering by entity: Anura Kumara Dissanayake | Clear Filter
Summary:The United States informs Sri Lanka via a letter dated July 9, 2025, that it will impose a 30% tariff on all Sri Lankan products entering the US starting August 1, 2025. This action is stated as a response to a significant and persistent trade deficit caused by Sri Lanka's tariffs and trade barriers, which are deemed a major threat to the US economy and national security. The letter indicates that tariffs can be avoided if Sri Lankan companies manufacture products within the United States, and warns that any future Sri Lankan tariff increases will be added to the 30% US tariff.
Sentiment:Vindicative
Key Claims:
- The United States has a significant and persistent trade deficit with Sri Lanka.
- Sri Lanka's tariffs and non-tariff policies are responsible for these trade deficits.
- These trade deficits pose a major threat to the US Economy and National Security.
- Starting August 1, 2025, the United States will implement a 30% tariff on all Sri Lankan products.
- Goods transshipped to avoid tariffs will also be subject to higher tariffs.
- Sri Lanka or Sri Lankan companies can avoid these tariffs by manufacturing products within the United States.
- Any tariffs raised by Sri Lanka will be added on top of the 30% US tariff.
- The United States seeks a balanced and fair trade relationship.
Potential Market Impact (S&P 500):3/10
Potential Geopolitical Risk:2/10
Potential Global Cross-Asset Impact:4/10
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