Philippines, Trump and tariff
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2don MSN
The new tariff rates threatened in the letters Trump shared Wednesday are similar to those he announced on what the White House dubbed “Liberation Day” in early April.
The Philippines is concerned about the United States' decision to impose 20% tariffs on Philippine exports but will continue to negotiate, its economic affairs minister said on Thursday.
India could pose stiff competition to Sri Lanka and the Philippines for nearly a fifth of their exports to the United States as both countries are facing high import duties under new US trade arrangement,
The Philippine economy is likely to be resilient to higher US levies but faces the risk of lower foreign investments amid the global uncertainty, according to S&P Global Ratings.
Philstar.com on MSN19h
Tariff woes dampen market anewInvestors shied away from the market for a second day in a row, daunted by Washington’s move to slap trading allies, including the Philippines, with higher tariffs.
THE 20-percent reciprocal tariffs announcement by Washington is a “major shock” for the Philippines, a development that resulted from the collapse of talks between the two trade partners—but there is always a “silver lining,
The global tariffs announced by US President Donald Trump in April triggered “strong” investor interest in the Philippines, which was threatened with a lower levy than most neighbors, a top trade official said.
THE 20 percent tariff recently announced by the United States will have a limited impact on overall economic growth as the Philippine economy is less reliant on
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