US imposes 10-12.5% import duty on goods from 60 trading partners, including Sri Lanka

The United States administration has implemented a new import tariff ranging from 10% to 12.5% on goods originating from 60 trading partners, including Sri Lanka. This measure, which became effective on July 24, specifically targets nations that have not adequately enforced laws prohibiting the import of goods produced through forced labor.

For Sri Lanka, this translates to a 10% duty on its exports to the U.S. The decision stems from an investigation conducted under Section 301 of the Trade Act of 1974. While some goods may be exempt, the broad application of the tariff signals a significant shift in U.S. trade policy concerning labor practices.

Prior to imposing the new tariffs, the U.S. Trade Representative's office investigated 60 countries identified as major trading partners, accounting for approximately 99.4% of U.S. imports. This comprehensive review aimed to assess compliance with international labor standards and identify nations requiring stricter trade measures.

The U.S. administration's move underscores a growing international focus on combating forced labor and ensuring ethical supply chains. Countries like Sri Lanka must now adapt to these new trade regulations to maintain preferential market access to the United States.