Opposition MP Harsha de Silva has urged Sri Lankan authorities to take proactive measures following US President Donald Trump’s announcement on reciprocal tariffs on several countries, including neighbouring India.
Taking to ‘X’, MP Harsha de Silva said Donald Trump’s reciprocal tariffs with India should be a wake-up call for Sri Lanka.
“We need urgent, proactive measures to address before trade walls block our access to the US – our largest export market. Inexperience in foreign policy isn’t an excuse. As #COPF Chair, I’m ready to assist,” he added.
President Donald Trump has announced reciprocal tariffs on India, starting April 2, signalling a tough path ahead in the Free Trade Agreement (FTA) negotiations, which could clash with these sweeping tariffs.
Indian media reported that however, New Delhi remains hopeful that the understanding reached between Prime Minister Narendra Modi and President Trump on February 13 will help resolve trade issues and keep the September deadline for signing the first tranche of the FTA.
Earlier in March, President Trump announced that he was moving forward with 25% tariffs on goods imported from Canada and Mexico into the US, adding that time had run out to reach a deal.
An additional 10% tariff on Chinese imports is also expected to come into force, leaving all three of America’s top three trade partners facing significantly higher trade barriers than just a few weeks ago. (Newswire)
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