Trump says China panicked; markets slide deeper
US President Donald Trump on Friday said China had “panicked” by retaliating to his reciprocal tariff with a matching levy of 34 per cent on all imported goods from America.
India, Britain and China are the leading markets for Sri Lanka’s tourism.
IANS | Colombo | July 15, 2019 4:51 pm
Aerial view of lighthouse on cape in Sri Lanka (Photo: Getty Images)
Sri Lanka is expecting at least 100,000 tourists to visit the island nation in July after arrivals saw a decline following the April 21 Easter Sunday terror attacks, Prime Minister Ranil Wickremesinghe said here on Monday.
“Because of the swift action taken by the government, arrivals rose to 63,000 in June from 37,000 in May,” Xinhua news agency quoted Wickremesinghe as saying at an event.
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The Prime Minister said arrivals were expected to grow to 100,000 by end of July and a further 125,000 in August.
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Sri Lanka’s tourism sector was one of the worst affected following the suicide explosions on April 21 which killed over 250 people.
The Tourism Ministry, however, in a statement last week said that arrivals were getting back to normal and the island was aiming to attract at least 2.5 million tourists by the end of the year.
India, Britain and China are the leading markets for Sri Lanka’s tourism.
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US President Donald Trump on Friday said China had “panicked” by retaliating to his reciprocal tariff with a matching levy of 34 per cent on all imported goods from America.
Triggering a full-blown trade war, China will impose additional 34 per cent tariffs on all products imported from the United States starting from April 10, the Customs Tariff Commission of the State Council announced on Friday.
It had the hallmarks of a reality TV cliffhanger. Until recently, many people had never even heard of tariffs.
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