Sri Lanka facing uncertainty over tariffs: US is primary destination for Island's exports

Sri Lanka says it's hoping to negotiate down the 44% tariff rate that President Trump has placed on its imports. The US is the South Asian island’s biggest market- accounting for 40% of its exports. The steep new tariffs are seen as a major threat to the country's economy- which is still recovering from recent financial and political turmoil. Al Jazeera’s Minelle Fernandez reports from Colombo. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on X : https://twitter.com/AJEnglish Find us on Facebook: https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ Download AJE Mobile App: https://aje.io/AJEMobile #US #TradeTariffs #SriLankaEconomy #TrumpPolicies #USMarket #InternationalTrade #ExportChallenges #EconomicRecovery #GlobalEconomy #SriLankaExports #USRelations #AlJazeeraEnglish