Colombo, April 11, 2025 (AFP) - US tariffs threaten troubled Sri Lanka's recovery: IMF

NAMPA / AFP

2025-04-11

Sri Lanka's recovery from its worst economic meltdown, which forced a sovereign default and toppled a president, will be undermined if punishing US tariffs resume, the IMF warned on Friday. The United States is Sri Lanka's largest single market, accounting for almost a quarter of its $12 billion in merchandise exports. The trade balance is heavily in favour of the small South Asian nation. Washington imposed a 44 percent "reciprocal tariff" on th......

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