Myanmar faces a potential 40% U.S. tariff under President Donald Trump’s latest trade plan, part of a broader strategy targeting 14 countries. The announcement follows the expiration of a 90-day pause on aggressive import taxes. While higher tariffs were set for 9 July, Trump extended the timeline to 1 August, calling it “firm, but not 100% firm.” The move threatens Myanmar’s already fragile export sector as the country grapples with economic and political challenges. Though Trump indicated flexibility depending on diplomatic ties, analysts see the tariffs as a negotiating tool, not a finalized decision — leaving Myanmar watching closely.
Source: BBC