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.

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.

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

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.

President Trump has told roughly two dozen countries that they will face tariffs of at least 20 percent on Aug. 1 if they don ... Trump Tariff Letters: ... Myanmar Myanmar +44% +40% <1% –$581 ...

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.

Major stock indexes were slightly lower on Friday as U.S. President Donald Trump's announcement of tariffs on imports from Canada fanned worries about trade tensions, with the Canadian dollar down against the greenback.