Home Business news War-torn and struggling countries among those facing steepest Trump reciprocal tariffs

War-torn and struggling countries among those facing steepest Trump reciprocal tariffs

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Myanmar, which is reeling from a huge earthquake and civil war, faces 44% rate amid suspicions that the underlying target is China

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 Donald Trump.

Upending decades of US trade policy and threatening to unleash a global trade war, the US president announced a raft of tariffs on Wednesday that he said were designed to stop the US economy from being “cheated”.

Continue reading…Myanmar, which is reeling from a huge earthquake and civil war, faces 44% rate amid suspicions that the underlying target is ChinaMarkets react to Trump tariff announcement – business liveDeveloping 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 Donald Trump.Upending decades of US trade policy and threatening to unleash a global trade war, the US president announced a raft of tariffs on Wednesday that he said were designed to stop the US economy from being “cheated”. Continue reading…