Trump, Myanmar and junta
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Yangon — Myanmar's military leader lauded President Trump and asked him to lift sanctions, the ruling junta said Friday, after a tariff letter from the U.S. president that it has taken as Washington's first public recognition of its rule.
The letters listed a range of tariffs. Goods entering the U.S. from Japan, South Korea, Malaysia, Kazakhstan, and Tunisia will be subject to a 25 percent levy. There will be a 30 percent levy on South African and Bosnian goods, while imports from Indonesia will be subject to a 32 percent rate.
14hon MSN
India may secure a strategic edge over regional rivals as the Trump administration considers a trade pact slashing proposed tariffs below 20 per cent. Unlike many nations facing sharp hikes, India is unlikely to receive a formal tariff notice ahead of the August 1 deadline.
President Trump said the U.S. will impose steep levies on imports from 20 countries starting next month, raising pressure on trading partners.
CNBC's Megan Cassella reports on the latest tariff announcements on Myanmar, Laos, Kazakhstan, Malaysia and South Africa.
Myanmar's ruling military general has asked U.S. President Donald Trump for a reduction in the 40% tariff rate on his country's exports to the U.S. and is ready to send a negotiation team to Washington if needed,
Myanmar’s junta chief Min Aung Hlaing praised Donald Trump in a rare letter and compared his military’s coup to the US president’s baseless claims of election fraud, suggesting both leaders were victims of rigged votes.
US President Donald Trump has shared the letters sent by his administration to the countries, informing them of the reciprocal tariffs that will take effect from August 1, 2025. Before this, he shared the letters sent to Japan's Prime Minister Shigeru Ishiba and South Korea's President Lee Jae-myung.
Donald Trump's top trade negotiators have added more time to the clock after the White House failed to reach its 90 deals in 90 days target.