King Sasanka – Sri Lankan Writer & Retired Aviation Professional.

The recent imposition of a 44% U.S. tariff on Sri Lankan exports, particularly apparel, poses significant risks to the country’s economy. This tariff hike intensifies Sri Lanka’s economic challenges, but strategic diversification, cost optimization, and diplomatic engagement could mitigate losses. Here’s an analysis of the impacts and strategic responses: Immediate Economic Impact 1. Threat to Apparel Industry Dominance The U.S. accounts for 23–40% of Sri Lanka’s total exports, with apparel making up 70% of these exports (valued at around $3 billion in 2024). The tariff hike from 12.2% to 44% risks making Sri Lankan garments uncompetitive in price-sensitive U.S. markets, potentially reducing orders and export earnings. 300,000 direct jobs in the apparel sector are at risk, along with indirect impacts on allied industries. 2. Foreign Exchange and Macroeconomic Pressures Reduced export income could strain Sri Lanka’s foreign exchange reserves, critical for debt repayment and import...

Invitation to Comment !

https://kingsasankadesilva.blogspot.com/p/invitation.html

 

 

The humdrum of a late-night highway journey, often punctuated by the mechanical exchange at toll booths, was unexpectedly transformed into a moment of genuine warmth.  As we merged onto the highway from Athurugiriya last night, a simple act of kindness illuminated the darkness. The toll booth attendant, with a sincere smile, offered a heartfelt "good night " alongside the slip and the raised barrier.  This seemingly small gesture, a departure from the routine, resonated deeply. In a world often characterized by transactional interactions, this human touch stood out as a beacon of positivity. Such moments, though rare, underscore the profound impact of simple courtesy.  It serves as a gentle reminder that even in the most mundane of tasks, human connection can flourish.  This individual's act of grace is not merely a pleasant anecdote, but a testament to the power of a positive attitude. It is our earnest hope that this spark of kindness proves infectious, spreading ...