
Move targets 14 nations in sweeping escalation of trade tensions
The United States has imposed a 40 percent tariff on imports from Myanmar as part of a sweeping set of new trade measures affecting 14 nations.
The Biden administration framed the tariffs as necessary to counter what it called unfair trade practices and protect domestic industries, but critics warn the moves could deepen global tensions and hit vulnerable economies particularly hard.
The Biden administration framed the tariffs as necessary to counter what it called unfair trade practices and protect domestic industries, but critics warn the moves could deepen global tensions and hit vulnerable economies particularly hard.