Clarification on Media Inquires: Matter on letter sent by US president clarified

sacadmin

News Image

  • Clarification on Media Inquires: Matter on letter sent by US president clarified

Leader of the State Administration Council Information Team Maj-Gen Zaw Min Tun, on July 8, clarified regarding the letter sent by the U.S. President Donald Trump to Myanmar Prime Minister and Chairman of State Administration Council, Senior General Min Aung Hlaing, concerning trade matters which has been the subject of media inquiries.

The Information Team Leader explained that the letter expressed an interest in engaging in trade with Myanmar and acknowledged the presence of significant trade-related capital. In summary, the United States intends to impose a 40% tariff on imports from Myanmar, while also requesting that Myanmar reduce tariffs on goods imported from the U.S. Additionally, the letter mentioned the possibility for Myanmar to make investments in the United States.

It also highlighted the potential for negotiations regarding tariff rates between the two countries. The letter has been well received. In terms of trade volume, during the 2023–2024 fiscal year, total trade between Myanmar and the United States amounted to approximately 701.9 million USD, and in the 2024–2025 fiscal year, it reached over 588.3 million USD.

The official stance of the Myanmar government regarding this letter is the constructive engagement and communication will be pursued. These negotiations are expected to yield mutually beneficial outcomes for both countries.

mitv


 

EN-News-Category
Business news
Business-Local news

Related News

Vietnam boosts cooperation with Brazilian corporations
Vietnam boosts cooperation with Brazilian corporations
Vietnamese Prime Minister Pham Minh Chinh met with executives of major Brazilian corporations to advance cooperation across multiple sectors in Rio de Janeiro city. He met with executives of Vale, a multinational group specializing in metals, mining, and logistics. At these meetings, the Prime Minister highlighted Vietnam’s current landscape, key development priorities, and its favourable investment and business environment. He urged Brazilian corporations, business associations, and federations to support the early conclusion of these deals to facilitate business cooperation.mitv
Wed, 9-Jul-2025
Clarification on Media Inquires: Matter on letter sent by US president clarified
Clarification on Media Inquires: Matter on letter sent by US president clarified
Leader of the State Administration Council Information Team Maj-Gen Zaw Min Tun, on July 8, clarified regarding the letter sent by the U.S. President Donald Trump to Myanmar Prime Minister and Chairman of State Administration Council, Senior General Min Aung Hlaing, concerning trade matters which has been the subject of media inquiries.The Information Team Leader explained that the letter expressed an interest in engaging in trade with Myanmar and acknowledged the presence of significant trade-related capital. In summary, the United States intends to impose a 40% tariff on imports from Myanmar, while also requesting that Myanmar reduce tariffs on goods imported from the U.S. Additionally, the letter mentioned the possibility for Myanmar to make investments in the United States.It also highlighted the potential for negotiations regarding tariff rates between the two countries. The letter has been well received. In terms of trade volume, during the 2023–2024 fiscal year, total trade between Myanmar and the United States amounted to approximately 701.9 million USD, and in the 2024–2025 fiscal year, it reached over 588.3 million USD.The official stance of the Myanmar government regarding this letter is the constructive engagement and communication will be pursued. These negotiations are expected to yield mutually beneficial outcomes for both countries.mitv 
Wed, 9-Jul-2025
Nippon Steel CEO discusses evolving US trade policy
Nippon Steel CEO discusses evolving US trade policy
Nippon Steel completed its acquisition of US Steel last month, after a year-and-a-half of negotiations. The Japanese company made the iconic American firm a wholly owned subsidiary after lengthy negotiations to gain approval from the Trump administration. Nippon Steel's Chairman and CEO Hashimoto said that the global trade system had undergone a major change where Japanese companies can play a part in the revival of US manufacturing.mitv 
Tue, 8-Jul-2025
Trump announces 25-40 percentage tariffs on 14 countries , Trump announces 25-40 percentage tariffs on 14 countries
Trump announces 25-40 percentage tariffs on 14 countries
U.S. President Donald Trump said Monday on social media that 25-percent tariffs will be imposed on imports from Japan and the Republic of Korea, respectively, beginning Aug. 1.In his letters addressed to the leaders of the two countries, Trump said the new tariffs will be separate from all other sectoral tariffs. Later on, he announced that similar letters were sent to the leaders of 12 other countries, namely Malaysia, Kazakhstan, South Africa, Myanmar, Laos, Tunisia, Indonesia, Bangladesh, Serbia, Bosnia and Herzegovina, Cambodia, and Thailand, informing them that tariffs ranging 25 percent to 40 percent will be charged starting next month.mitv
Tue, 8-Jul-2025
EU chief, Trump had 'good exchange' by phone Sunday
EU chief, Trump had 'good exchange' by phone Sunday
EU chief Ursula von der Leyen and US President Donald Trump had a "good exchange" about trade as Brussels seeks a deal to avoid steep tariffs before the July 9 deadline. The European Commission spokesman said Monday that both leaders spoke by phone on Sunday, adding that "work is ongoing" at all levels to reach an agreement.mitv
Tue, 8-Jul-2025
BRICS leaders meet amid Trump's tariff threats
BRICS leaders meet amid Trump's tariff threats
(DW News, July 7, 2025)Leaders of the growing BRICS group of developing nations met in Rio de Janeiro on Sunday, reaffirming the bloc's commitment to multilateral diplomacy.  In his opening remarks, Brazilian President Luiz Inacio Lula da Silva said, "We are witnessing the unparalleled collapse of multilateralism."  "If international governance does not reflect the new multipolar reality of the 21st century, it is up to BRICS to help bring it up to date," he said. He also criticized the NATO military alliance, accusing it of fueling a global arms race after it set a defense spending target of 5% of GDP late last month. BRICS countries also condemned US President Donald Trump’s "indiscriminate" tariff policy.  They voiced "serious concerns about the rise of unilateral tariff and non-tariff measures which distort trade and are inconsistent with WTO rules," saying such measures were “affecting prospects for global economic development.”Trump has said that tariff of up to 50% could be imposed on August 1 if countries do not reach deals with Washington by that time. The US president on Sunday also lashed out at BRICS, vowing to impose an extra 10% tariff on the grouping.  "Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy," Trump wrote in a post on his Truth Social social network. Trump did not clarify or expand on the "Anti-American policies" reference in his post.  The bloc, originally formed by Brazil, Russia, India, China, and South Africa, has grown in size with Egypt, Ethiopia, Iran, Saudi Arabia, the United Arab Emirates and Indonesia joining as members last year. It accounts for about half the world's population.For the first time since becoming China's leader in 2012, President Xi Jinping has opted out of attending the BRICS summit. Xi chose to send his Premier Li Qiang to represent Beijing. China's Foreign Ministry did not say why Xi is skipping the meeting in Rio de Janeiro.Russian President Vladimir Putin is also staying away, but he made an appearance via videoconference.  Putin is wanted by the International Criminal Court for his role in the full-scale invasion of Ukraine.   Brazil, as a member of the court, would be obliged to arrest Putin if he entered the country.In televised remarks, Putin noted that "everything indicates that the model of liberal globalization is becoming obsolete." "The center of business activity is shifting towards the emerging markets," he added. Putin also urged member countries to step up cooperation in various areas including natural resources, logistics, trade, and finance.Indian Prime Minister Narendra Modi, meanwhile, said BRICS must lead the Global South in an increasingly multipolar world. Ref - DW News
Mon, 7-Jul-2025
© Copyright 2024 SAC All Rights Reserved.