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.

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.

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,

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.

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.

Trump has sent letters to 22 countries warning of incoming tariff rates, according to his social media posts, including 50 percent taxes on Brazilian imports and 35 percent on Canadian goods. The letters follow the administration’s insistence that the president was making “90 deals in 90 days” beginning in April.

In his new round of tariffs being announced this week, Trump is essentially tethering the entire world economy to his instinctual belief that import taxes will deliver factory jobs and stronger growth in the U.S., rather than the inflation and slowdown predicted by many economists.