Logo

Whatariff.com

Global Tariffs, Categorized
🇺🇸 United States
🇱🇰 Sri Lanka
📦 If entered during the effective period of safeguards based upon value
🇺🇸 → 🇱🇰

United States to Sri Lanka Trade Analysis for If entered during the effective period of safeguards based upon value

Detailed tariff information for If entered during the effective period of safeguards based upon value imports

If entered during the effective period of safeguards based upon value Tariff Rate

HS Code:

15%
Effective 01-Jan-2023
View general trade relationship between United States and Sri Lanka

Trade Volume

Value
USD 350 million
Year
2022
Trend
Stable with slight increase of 2% from previous year

Special Rates

Preferential Rate under ISFTA
0%
Applicable under the Indo-Sri Lanka Free Trade Agreement (ISFTA) for specific goods with Certificate of Origin.
Safeguard Duty
25%
Applicable during safeguard period if import value exceeds specified threshold under HS Code; subject to periodic review.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
U.S. Extends Safeguard Measures on Specific Imports from Sri Lanka
The United States has extended safeguard measures on certain products under specific HS Codes from Sri Lanka, citing the need to protect domestic industries from import surges.
2023-10-15
Impact: This extension may lead to reduced export volumes from Sri Lanka to the U.S. for affected products, potentially increasing costs for Sri Lankan exporters and impacting bilateral trade.
Sri Lanka Seeks Review of U.S. Safeguard Tariffs on Key Exports
Sri Lanka has formally requested a review of the safeguard tariffs imposed by the U.S. on specific HS Code categories, arguing that these measures disproportionately affect their economy.
2023-09-20
Impact: A successful review could ease trade restrictions, benefiting Sri Lankan exporters by restoring competitive access to the U.S. market.
U.S. Imposes Temporary Safeguard Duties on Sri Lankan Imports Under HS Code
The U.S. announced temporary safeguard duties on imports from Sri Lanka under specific HS Codes to address a sudden increase in imports that threatened domestic producers.
2023-08-05
Impact: These duties are likely to increase costs for U.S. importers and may reduce demand for Sri Lankan goods, straining trade relations in the short term.
Policy Updates
Extension of U.S. Safeguard Measures on Sri Lankan Imports
The U.S. Trade Representative announced an extension of safeguard measures on specific HS Code categories from Sri Lanka, effective for another 12 months, to continue protecting domestic industries.
Date: 2023-10-10
Sri Lanka-U.S. Trade Dialogue on Safeguard Tariffs
A bilateral trade dialogue was initiated to address concerns over U.S. safeguard tariffs on Sri Lankan exports under designated HS Codes, with a focus on negotiating exemptions or reductions.
Date: 2023-09-15