The Ceylon Chamber of Commerce (CCC) today reveals deep issue over the imposition of a 44% tariff on Sri Lankan exports to the United States.US President Donald Trump revealed sweeping tariffs yesterday on significant trade partners, consisting of China and the European Union.With the US accounting for roughly USD 3 billion in exports and 25% of Sri Lankas total product export, this development presents a substantial challenge to the countrys trade and economic stability, the chamber stated in a statement.Additionally, more comprehensive international trade interruptions might slow financial development, impacting general need in essential export markets such as the United States and the EU, it warned.The CCC stated it values the President of Sri Lanka setting up a committee to assess the impact of the United States tariffs and provide solutions to alleviate prospective dangers to the export sector.Since we are midway through the IMF Extended Fund Facility program and browsing a tight financial area, it is crucial that Sri Lanka has the ability to work out down from the high tariff band.The Ceylon Chamber stated it is an opportune moment for the Government to relook at its tariff structure and implement steps that will improve trade facilitation and enhance the ease of doing business.The Ceylon Chamber said it remains committed to working carefully with the Government to establish a coordinated and tactical response to reduce the prospective economic effect of these tariffs.We urge all stakeholders to collaborate in guaranteeing that Sri Lankas trade interests are safeguarded, while actively pursuing diplomatic and policy-driven solutions to sustain and reinforce its export sector, the declaration included.