Trump, Philippine and Tariffs
Digest more
Trump, Philippines and tariff
Digest more
Inquirer Business on MSN1d
Philippines airs concern as Trump hikes tariff to 20%The Philippine government is viewing with concern the higher-than-expected 20-percent reciprocal tariff to be imposed by the United States starting next month, as announced by the Trump administration on Thursday.
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.
President Donald Trump extended his "Liberation Day" tariff pause and sent letters to trading partners announcing new tariff rates for Aug. 1.
President Trump posted letters to his Truth Social platform Wednesday outlining tariff levels for seven countries. Trump said he would levy 30% tariffs on Libya, Iraq, and Algeria, effective Aug. 1. Moldova and Brunei will get 25% tariffs,
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.
Al Jazeera on MSN2d
Trump announces new tariffs including for Iraq, Brazil and the PhilippinesUnited States President Donald Trump has issued a new round of tariff letters to eight countries, including Brazil, Sri Lanka, Algeria, Brunei, Iraq, Libya, Moldova and the Philippines.
President Donald Trump posted letters to the leaders of Mexico and the European Union, saying they had not done enough to head off the new tariffs.
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 Philippines and the US have boosted mutual defence engagements to step up deterrence against China’s increasing aggression in Asia.
Feedback