Yangon — Myanmar's military leader lauded President Trump and asked him to lift sanctions, the ruling junta said Friday, after a tariff letter from the U.S. president that it has taken as Washington's first public recognition of its rule.

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,

Myanmar’s junta chief Min Aung Hlaing praised Donald Trump in a rare letter and compared his military’s coup to the US president’s baseless claims of election fraud, suggesting both leaders were victims of rigged votes.

The Trump administration, with the Supreme Court's backing, is set to transform U.S. public administration and economic dynamics.

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.

The tariffs were detailed in official letters shared by Donald Trump on his Truth Social account, with rates scheduled to take effect from August 1.

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

Also featuring stories on the world’s riskiest maritime shipping routes, sub-par cancer drugs exported across the globe, and uncovering “pig butchering” online scams in Myanmar.