Myanmar, which is reeling from a huge earthquake and civil war, faces 44% rate amid suspicions that the underlying target is China
Markets react to Trump tariff announcement – business live
Developing nations in South-east Asia, including war-torn and earthquake-hit Myanmar, and several African nations are among the trading partners facing the highest tariffs set by US President Donald Trump’s sweeping tariffs.
Upending decades of US trade policy and threatening to unleash a global trade war, Trump on Wednesday announced a raft of tariffs he said were designed to stop the US economy from being “cheated”.
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