Sri Lanka's garments sector is pinning its hopes on further discussions with the U.S. government after Donald Trump's administration's 30% tariff on the nation has placed it at a disadvantage to some of its biggest rivals.

US President Donald Trump has settled for a 30% tariff on imports from Sri Lanka, down from 44% proposed in April. He announced the move in a letter to President Anura Kumara Disanayake dated 9. Analysts welcomed the move,

U.S. President Donald Trump on Wednesday issued a round of tariff letters to seven countries, including Algeria, Iraq, Libya, Sri Lanka and the Philippines.

President Donald Trump's tariff letters have targeted Algeria, Brunei, Iraq, Libya, Moldova, the Philippines and Sri Lanka. That's shown in the chart above. Read more in the article below.

None of the countries targeted in the first batch of letters — the Philippines, Brunei, Moldova, Algeria, Libya, Iraq and Sri Lanka — is a major industrial rival to the United States.