Sri Lanka received the highest tariff reduction from the President Trump

 

The US President Donald Trump introduced a new reciprocal tariff on importation to the United States from other countries in April 2025. However, the President Trump has revised this taxed for 25 countries and regions up to now. Further, the President has announced that other countries’ tariff will also be revised to 15% to 20%.

Key insights

v Sri Lanka received the highest tariff reduction (-32%)

v Brazil got the highest tariff increase (400%)

v Tariff reduction received for Laos (-17%), Myanmar (-9%), Cambodia (-27%), Bangladesh (-5%), Serbia (-5%), Bosnia & Herzegovina (-14%), Iraq (-23%), Libya (-3%), Kazakhstan (-7%), Moldova (-19%), and Tunisia (11%)

v Tariff hikes for European Union (50%) and Canada (40%)

v No tariff change for Thailand, Indonesia, Algeria and South Korea

v Japan, Malaysia and Brunei received 4% tariff hike

v Tariff increase for Mexico (20%) and Philippines (18%)

v Brazil got highest tariff rate (50%)

v Philippines received lowest tariff rate (20%)

v After new tariff introduced in April 2025, at least a 10% tariff rate was imposed on all of the countries


 Chart: Comparison of US reciprocal tariff imposed in April 2025 and its revision in July 2025

 




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