Philippine exports to the United States (US) continue to enjoy a competitive advantage over shipments from other countries despite the Trump administration 's recent imposition of a 12.5 percent tariff, according to the Department of Trade and Industry (DTI). “We 're not in a bad...
NEW YORK (AP) — The Trump administration has imposed double-digit tariffs on more than 60 countries, using a legal justification that permits the president to levy import taxes and other sanctions against countries found to engage in "unjustifiable," "unreasonable" or "discriminatory" trade...
WASHINGTON (AP) — President Donald Trump is going ahead with new double-digit tariffs on dozens of U.S. trading partners just as the clock runs out Friday on stopgap levies he imposed after a stinging defeat at the Supreme Court. The United States will slap taxes of 10% to 12.5% on imports from...
The country’s exports to the United States (US) are now subject to a higher 12.5-percent tariff after the Trump administration determined that the Philippines has failed to prevent the entry of goods produced with forced labor. In a notice on Friday morning, July 24 (Philippine time), the Office...
The Philippines expects the United States (US) to consider exempting its imports from the threat of a 12.5-percent tariff following the creation of an inter-agency body tasked with probing the alleged importation of goods produced with forced labor. “It should be,” Department of Trade and...
WASHINGTON (AP) — A planned joint U.S.-Canada ceremony Friday celebrating the opening of the Gordie Howe International Bridge connecting Detroit and Windsor, Ontario, is no longer expected to take place after President Donald Trump announced a 50% tariff on most Canadian goods. In announcing the...
The Philippines is pushing for an exemption from the proposed 12.5-percent tariff on its imports into the United States (US), arguing that existing trade policies have not been proven to facilitate the importation of goods produced with forced labor. In a July 6 submission to the Office of the US...
While Malacañang acknowledged the proposal by the United States Trade Representative (USTR) to impose additional tariffs on select Philippine products due to findings on forced labor under the safeguard, it asserted that the country opposes forced labor and can defend itself against it. The USTR...
The country’s umbrella organization of exporters has raised alarm over the planned imposition of additional duties of up to 12.5 percent on shipments to the United States (US), arguing that the measure was proposed without basis. Philippine Exporters Confederation Inc. (Philexport) President...
The Philippines could soon face additional duties of up to 12.5 percent on some of its exports to the United States (US) as a result of its alleged failure to enforce measures banning the entry of goods produced with forced labor. The Office of the US Trade Representative (USTR) announced in a...
It is encouraging when two leaders of the world 's largest economies meet, President Marcos said. He said this when asked for a statement on the high-level meeting between United States President Donald Trump and Chinese President Xi Jinping to discuss economic and trade issues. "Well, I think...
The United Nations Conference on Trade and Development (UNCTAD) is sounding the alarm over the growing use of non-tariff measures (NTMs) in global trade policies, warning that smaller developing economies face higher export costs that could hinder economic growth. In its monthly report on global...
