US President Trump’s tariffs on Sri Lanka, Pakistan, and Bangladesh will likely have a limited direct impact on growth, as their exports to the US make up a small share of GDP (1.5%-3%). However, these tariffs could disrupt their IMF bail-out program targets, jeopardizing the loans, especially in the textile sector. Sri Lanka faces a 44% tariff, Bangladesh 37%, and Pakistan 29%. These tariffs will take effect from April 9.