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.

President Donald Trump, in social media posts, shared screenshots of signed form letters dictating new tariff rates to the leaders of 14 countries.

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,

While nations worldwide express concern over new U.S. tariffs, Myanmar's military ruler, Min Aung Hlaing, has surprisingly embraced them as a sign of global recognition. His dictatorial government is reportedly touting a formal letter from U.

CNBC's Megan Cassella reports on the latest tariff announcements on Myanmar, Laos, Kazakhstan, Malaysia and South Africa.

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.

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.