Ranil warns of over 100,000 job losses in Sri Lanka

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Former President Ranil Wickremesinghe warns that Sri Lanka faces the potential loss of more than 100,000 jobs in the country as a result of the new trade tariff policy implemented by the United States.

Delivering a special statement on Apr 16, Wickremesinghe described the situation as an economic emergency and urged the government to inform the public of the steps it is taking to address the looming crisis.

“As tariffs increase, consumer demand for goods declines. This is not a hypothetical situation. It is already unfolding. One direct consequence of this will be job losses. Some estimate over 100,000 jobs are at risk. Whether the number is exactly that or slightly lower, the figure is set to rise,” he stressed.