Trump, tariff
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The U.S. has sanctioned Myanmar's military junta and refused to acknowledge its rule, so Mr. Trump's personal letter to its leader was welcomed, despite the subject.
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,
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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.
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.
The US State Department sanctioned the junta chief and others for using "violence and terror to oppress" Burmese people
Myanmar is calling on the United States to lift its sanctions and ease recently imposed tariffs, citing the country's continued classification as a Least Developed Country and the severe economic hardships it faces.
Myanmars military leader, Senior General Min Aung Hlaing, has formally requested a reduction in the 40% U.S. tariff on Myanmar exports, proposing a revised rate of 10% to 20%, according to state media reports on
The last time President Donald Trump rolled out tariffs this high, financial markets quaked, consumer confidence crashed and his popularity plunged
President Donald Trump on Monday set a 25% tax on goods imported from Japan and South Korea, as well as new tariff rates on a dozen other countries.
President Trump has told roughly two dozen countries that they will face tariffs of at least 20 percent on Aug. 1 if they don’t reach agreements by then.
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U.S. President Donald Trump’s tariff letters show that tariffs — to protect domestic industries and to raise revenue for a deeply indebted government — are the way forward. The U.S. is moving toward more managed trade via quotas and other measures.