COLOMBO (News 1st); US President Donald J. Trump has formally announced a 30% tariff on all Sri Lankan products entering the United States, effective August 1, 2025. The decision was outlined in an official letter addressed to Sri Lankan President Anura Kumara Dissanayake. Earlier, Trump proposed a 44% tariff on Sri Lanka, and it was seen as a corrective measure against what the U.S. described as “persistent and unsustainable trade deficits.”&nbs...