US-Philippines trade talks yield modest tariff shift
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The Philippines will aim to bring down the tariff imposed by the US on Philippine exports to 15% from 19%, Manila’s envoy to Washington said, as the Aug. 1 deadline set by President Donald Trump nears.
The Philippines has opted to shield its agricultural and industrial sectors in recent trade negotiations with the United States, accepting 19 percent
Negotiations over the Philippines’ new 19% US tariff rate are “not finished”, a key government economic adviser said today, tamping down fears over the deal’s potential impact on the agriculture sector.
The Philippine Chamber of Agriculture and Food Inc. (PCAFI), an umbrella group of 48 agricultural industry associations, welcomed the recent reduction in
Asian shares are higher, buoyed by optimism that the U.S.-Japan tariff agreement will be followed by more trade deals
Critics warn the new rate, a modest shift from the previous 20 per cent, undermines fair trade and puts Philippine industries at a competitive disadvantage
A 19-percent tariff on Philippine exports to the United States is expected to have minimal impact on economic growth, but potential trade diversion is a concern, according to the Department of Economy,
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