Trump's Tariff Cut: From 44% to 30% – Will This Crisis Break Us—or Remake Us?
Sri Lankans awoke this week to a curious cocktail of relief and dread. On July 9, 2025, in a characteristically dramatic turn, U.S. President Donald Trump declared that the steep 44% tariff slapped on Sri Lankan exports would be trimmed to 30%. Set to take effect on August 1, the reduction is part of Trump’s aggressive “reciprocal tariff” doctrine—his claim to level the playing field by matching the import taxes that other nations impose on American goods. While 30% is still a heavy blow, it’s
Economics Desk