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...
BEIJING, China — The trade relationship between two of the world’s largest economies is expected to expand significantly in the near term as China looks to secure bilateral commitments with the United States (US) at the upcoming Asia-Pacific Economic Cooperation (APEC) Summit. Ambassador Chen...
BEIJING, China — The Asia-Pacific Economic Cooperation (APEC) Summit this year is expected to help settle differences between the economic powerhouses of China and the United States (US), as the regional bloc works to affirm an open trade policy, according to China National Committee for Pacific...
Malacañang said the Philippine economic team will continue to engage with the United States following its imposition of a 15-percent increase in import duties. "We will continue to engaged with the US given that US remains a major trading partner," the economic team said in a statement read by...
WASHINGTON (AP) — The Supreme Court decision striking down President Donald Trump’s sweeping tariffs has added a wrinkle to already complicated U.S.-China relations, with both countries navigating shifting ground to avoid an all-out trade war that would disrupt the global economy while still...
DAVOS, Switzerland (AP) — President Donald Trump on Wednesday scrapped the tariffs that he threatened to impose on eight European nations to press for U.S. control over Greenland, pulling a dramatic reversal shortly after insisting he wanted to get the island "including right, title and...
WASHINGTON (AP) — President Donald Trump has once again drawn his go-to diplomatic weapon — tariffs, this time to coerce the Iranian government to end its bloody crackdown on nationwide protests. Trump said in a social media post on Monday he would impose a 25% tax on imports to the United...
There’s no better word to describe the trade environment this year than uncertainty, as the country endured a slew of changes and setbacks, particularly due to the policies of the United States (US), its closest ally and largest trading partner. It is no surprise that when US President Donald...
