U.S. President Donald Trump on Wednesday announced a new round of tariffs targeting seven additional countries, including Sri Lanka, with rates ranging from 25% to 30%.
Sri Lanka, along with Iraq, Algeria, and Libya, will face the steepest tariffs at 30%, effective 1st of August 2025.
The announcement, made via Trump’s social media platform Truth Social, follows a previous declaration imposing up to 40% tariffs on imports from 14 other nations.
This move marks the end of Trump’s 90-day tariff pause, originally introduced in April following market turmoil triggered by aggressive trade measures.
According to Trump, more countries will be added to the tariff list, with further announcements expected in the coming days.
The tariffs are part of Trump’s broader “America First” trade agenda aimed at rebalancing trade and pressuring nations into renegotiating agreements.
Sri Lanka is among the countries now caught in the escalating trade war, with fears rising over potential economic impacts due to the 30% U.S. duty on its exports.
Despite limited trade negotiations so far, the U.S. has finalized deals with the U.K. and Vietnam, and secured a temporary agreement with China.
The Trump administration hinted that tariff levels may be adjusted based on bilateral relations, leaving room for future diplomacy.
