Home Sri Lanka Sri Lanka-China Friendship Association voices concern over US tariffs
Sri Lanka

Sri Lanka-China Friendship Association voices concern over US tariffs

Share
Share

The Sri Lanka–China Friendship Association (SLCFA) has expressed deep concern over the recently imposed tariffs by the United States on Chinese goods, warning that such unilateral measures could have far-reaching consequences for the global economy, including nations like Sri Lanka that are navigating fragile economic recoveries.

Issuing a statement, the SLCFA specifically highlighted the decision by the Trump administration to impose a US$50 per net ton tariff on Chinese-built ships starting in mid-October, a move the US government claims is intended to bolster its domestic shipbuilding industry. The Association, however, warns that this measure will likely increase shipping costs, disrupt international trade flows, and exacerbate inflationary pressures worldwide.

“These actions do not only affect China. They impact the entire world,” the statement read. “They will increase the cost of shipping, disturb the flow of goods between countries, and make inflation worse. This will hurt both consumers and businesses in the U.S. and many other nations.”

Sri Lanka, which is still in the early stages of economic recovery following a severe financial crisis, is particularly vulnerable to such global shocks. The SLCFA cautioned that abrupt policy shifts by major global powers create uncertainty for smaller, developing nations striving for economic stability.

The Association echoed sentiments expressed recently by Chinese President Xi Jinping during his visit to Malaysia, in which he called on Asian countries to oppose geopolitical conflict, protectionism, and unfair trade practices. The SLCFA described President Xi’s message as timely and relevant, advocating for regional unity in the face of rising global tensions.

The statement also praised China’s ongoing international initiatives, including the Belt and Road Initiative, the Global Development Initiative, and the Global Security Initiative, citing them as examples of constructive global leadership that promote peace, cooperation, and mutual benefit.

Calling for a multilateral approach to global economic governance, the SLCFA urged powerful nations to act responsibly and in consideration of the broader international community. “Big nations must not use their power to harm others,” the statement stressed. “Instead, they should help build a global economy that is stable and fair for everyone—especially for smaller countries like Sri Lanka.”

The Association also called for international solidarity and cooperation in pursuit of a fairer global order, reaffirming its support for China and for all nations that uphold peace and equitable trade.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
Sri Lanka

US tariffs could cost Sri Lanka 50,000 jobs

Sri Lanka’s export-driven economy may be on the brink of a major...

Sri Lanka

Sri Lanka to introduce property taxes in 2027

Sri Lanka will introduce a nationwide property tax system by the first...

Sri Lanka

Nurses’ Union warns of staff shortage following retirement age cut

The Public Service United Nurses’ Union has expressed concern that the government’s...

Sri Lanka

One in seven Sri Lankans hurt in accidents annually

Accidents constitute the largest cause of hospital admissions in Sri Lanka, with...