<h1>US Imposes 44% Tax on Sri Lankan Exports, Threatening $3 Billion Export Sector During Economic Recovery</h1> Sri Lankan President has appointed a committee to assess the impact of new US trade tariffs on the nation's economy. The US imposed a 44% tax on Sri Lankan exports, claiming it represents half the taxes Sri Lanka imposes on American products. This will significantly affect Sri Lanka's $3 billion export sector, particularly apparel and rubber products. Economic analysts predict reduced order volumes and decreased competitiveness. The deputy finance minister clarified these tariffs are part of broader US policy to correct trade imbalances and indicated plans to engage with US officials through diplomatic channels. The tariffs come during Sri Lanka's fragile economic recovery following its recent financial crisis.