Opposition Leader Sajith Premadasa says Sri Lanka’s failure to secure lower tariffs on exports to the United States is a result of weak and ego-driven negotiations.
Responding to the recently imposed 30% U.S. tariff on Sri Lankan goods, Premadasa said:
“A 30% U.S. tariff on Sri Lankan exports is the price we pay for poor negotiation. Our ego kept us from seeking every ally, every expert hand, and now nearly US$3 billion in exports hangs in the balance.”
He described the situation as a case study in the dangers of relying on “textbook experts” for complex real-world negotiations.
The comments come amid growing concern among exporters and trade bodies over the impact of the increased tariffs, which were reduced from 44% in April but still remain significantly high. (Newswire)
