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Filtering by entity: Republic of the Union of Myanmar | Clear Filter
Summary:The White House announces a 40% tariff on all Burmese products entering the United States starting August 1, 2025, directed at Min Aung Hlaing, Chairman of the State Administrative Council of Myanmar, citing persistent trade deficits and barriers as a major threat to the US economy and national security, with the possibility of no tariffs if manufacturing shifts to the US, and a warning of increased tariffs if Myanmar retaliates.
Sentiment:Directive
Key Claims:
- The United States will impose a 40% tariff on all products from Myanmar entering the US, effective August 1, 2025.
- This tariff is a response to a significant and persistent trade deficit caused by Myanmar's tariffs, non-tariff policies, and trade barriers.
- The trade deficit with Myanmar is considered a major threat to the US Economy and National Security.
- No tariffs will be applied if Myanmar or companies within Myanmar choose to build or manufacture products within the United States.
- Any tariffs Myanmar decides to impose will be added onto the 40% tariff charged by the United States.
Potential Market Impact (S&P 500):2/10
Potential Geopolitical Risk:3/10
Potential Global Cross-Asset Impact:2/10
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