Wednesday Jan 14, 2026
Wednesday Jan 14, 2026
Wednesday, 14 January 2026 05:52 - - {{hitsCtrl.values.hits}}
The Government yesterday said it has not yet evaluated the potential impact of the additional 25% tariff imposed by US President Donald Trump on countries trading with Iran.
“We are yet to estimate this new tariff announced,” Cabinet Spokesman and Minister Dr. Nalinda Jayatissa said at the weekly post-Cabinet media briefing.
He noted that the Government has faced multiple external challenges since taking office and has navigated them with confidence, but acknowledged that the frequency and severity of such pressures are increasing.
President Trump’s directive states: “Effective immediately, any country doing business with the Islamic Republic of Iran will pay a tariff of 25% on any and all business being done with the United States of America. This order is final and conclusive.”
Iran is a significant buyer of Sri Lankan tea, importing around 9,800 tons per month, placing it among the top 10 destinations for the island’s key agricultural export. Simultaneously, the US remains Sri Lanka’s single largest export market, accounting for about 25% of total exports and generating nearly $ 3 billion in annual revenue.
Economists have warned that the new tariff could seriously affect the country’s export earnings and competitiveness, particularly given the reliance on both markets.
Dr. Jayatissa reassured that the Government is monitoring the situation closely and would take steps to mitigate any adverse effects.
