The Philippines and Southeast Asia may attract foreign investments avoiding China and India if the United States (US) pushes through with its threat of higher tariffs on Indian goods, according to the think tank Capital Economics. “[US] President [Donald] Trump’s threat to impose an additional...
WASHINGTON (AP) — President Donald Trump began levying higher import taxes on dozens of countries Thursday, just as the economic fallout of his monthslong tariff threats has begun to create visible damage for the U.S. economy. Just after midnight, goods from more than 60 countries and the...
WASHINGTON (AP) — President Donald Trump could meet in person with Russian President Vladimir Putin as soon as next week as he seeks to broker an end to the Russia-Ukraine war, a White House official said Wednesday. The official cautioned that a meeting has not been scheduled yet and no location...
The local agriculture industry may soon see stronger trade ties with Canada, as its agriculture and agri-food minister expressed confidence in deepening the North American country ’s trade relationship with the Philippines. Despite tariff uncertainties in the United States (US), Heath...
U.S. President Donald Trump is pushing China and India to stop buying oil from Russia and helping fund the Kremlin 's war against Ukraine. Trump is raising the issue as he seeks to press Russian President Vladimir Putin to agree to a ceasefire. But cheap Russian oil benefits refiners in those...
The Philippine economy and its export industry will see no decline in output and exports from the direct impact of the 19-percent tariffs threatened by the United States (US), according to a study by De La Salle University (DLSU) economists. In a recently published policy brief titled “The tariff...
Lower interest rates would spur a faster Philippine economic expansion next year, according to the Washington-based multilateral lender International Monetary Fund (IMF). Referring to its latest forecasts for the Philippines contained in the recently published July 2025 World Economic Outlook (WEO)...
Philippine goods exports climbed 13.2 percent year-on-year to a record $41.24 billion in the first six months of 2025 as exporters front-loaded shipments ahead of the 19-percent tariff to be imposed by the United States (US), the country’s top export market. National Statistician Claire Dennis S....
With a soon-to-be-finalized trade deal that benefits the United States (US) more than the Philippines, the latter’s exports and foreign direct investments (FDIs) would take a hit and lose out to its Southeast Asian neighbors, according to the Economist Intelligence Unit (EIU). “The...
Vice President Sara Duterte questioned United States President Donald Trump’s comments about the Philippines-China and Philippines-US relations during the time of her father, former president Rodrigo Duterte, insisting that the country should maintain an “independent foreign policy” and...
DAVAO CITY – Acting Davao City Mayor Sebastian Duterte downplayed the one percent reduction of the 20 percent tariff imposed on Philippine goods to 19 percent as an empty gesture, calling it “consuelo de bobo” or a false consolation. Duterte questioned the importance of the announcement and...
United States President Donald Trump has accepted the invitation from President Marcos to come to the Philippines next year when Manila hosts the Association of Southeast Asian Nations (ASEAN) Summit. This was disclosed by Philippine Ambassador to Washington Jose Manuel “Babe” Romualdez in a...
