With the United States (US) being the Philippines’ top export destination at the start of 2025, Moody’s Analytics said the tariffs that US President Donald Trump plans to impose on cross-border goods may hurt exporters. “A potential reciprocal US tariff due to be announced on April 2 is a...
Over the weekend, new US President, Donald Trump, announced he would impose tariffs on goods from countries like Mexico, Canada and China. These were part of his long-promised economic policy during his campaign and were put into effect early this week. Many experts and economists have argued that...
Economies across the Asia-Pacific region can withstand headwinds from the policies of the Trump 2.0 administration that are deemed detrimental to global free trade and climate financing, according to a top Asian Development Bank (ADB) official. Once the United States imposes tariffs, "China, of...
Amid escalating trade tensions between the giant strategic rivals, the U.S. and China, President Marcos’ chief economic manager remains optimistic about the Philippines’ economic prospects under the Trump 2.0 administration. “We’re optimistic under a Trump presidency. You have a...
Anticipated US tariffs to be imposed by President-elect Donald J. Trump when he returns to the White House next year may bring "turmoil" to Asian economies, according to the think tank Japan Center for Economic Research (JCER). "The trade war initiated by the United States is expected to put...
US President-elect Donald J. Trump's plan to mass deport America's illegal migrants won't dent remittance flows to countries reliant on these cash transfers, according to a World Bank official. This, as the Washington-based multilateral lender expects the Philippines to remain as the world's...
Increasing trade protectionism and escalating geopolitical tensions may hinder economic growth in many emerging markets (EMs), such as the Philippines, according to S&P Global. “We expect rising trade protectionism among major economies to hurt GDP [gross domestic product] growth in most...
Given a relatively small exports advantage over America, the Philippines may escape US President-elect Donald J. Trump's tariffs threat and even boost its top export sector in case neighboring economies—especially China—are targeted by American trade and investment sanctions,...
NEW YORK (AP) — Bitcoin has topped the $100,000 mark as a massive rally in the world's most popular cryptocurrency sparked by the election of Donald Trump rolls on. The milestone comes just hours after the President-elect signaled a lighter regulatory approach to the crypto industry when he...
Compared to its targeted neighbors like China, the Philippines would be relatively unscathed by US President-elect Donald J. Trump's protectionist economic policies, according to the research arm of investment banking giant Deutsche Bank. However, Deutsche Bank Research economist Junjie Huang said...
The repercussions of US President-elect Donald J. Trump's protectionist trade and expansionary fiscal policies would slow the pace of interest rate cuts in emerging markets like the Philippines, according to Oxford Economics. In a report, Oxford Economics emerging markets economist Callee Davis...
Asia-Pacific economies should keep free trade flowing despite looming challenges to be presented by the return of a protectionist Trump 2.0 administration in the US, according to the top economist of the Asian Development Bank (ADB). “We’re concerned—obviously, it’s probably going to be a...
