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of <h1>Trade Talks Seek to Slash US Tariffs on Sri Lankan Exports, Targeting 44% Tax Barrier for Apparel and Rubber Goods</h1> A Sri Lankan delegation met with US trade representatives to discuss reducing trade deficit and tariffs. The delegation expressed readiness to collaborate on lowering trade barriers. Current US tariffs impose a 44% tax on Sri Lankan exports, which primarily consist of apparel and rubber goods valued at $3 billion. Both sides aim to address economic challenges and explore potential trade improvements.
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