After breaking into the stronger ₱56 level on Friday last week, the peso reverted to the ₱57 level on Monday, April 7, against the United States (US) dollar due to concerns over new tariffs imposed by US President Donald Trump. From ₱56.88 versus $1 on Friday, the dollar strengthened at the...
The Philippines is eyeing the reduction of tariffs on products from the United States (US) in a bid to reverse US President Donald Trump’s imposition of 17-percent tariffs on Philippine imported goods, according to Trade Secretary Cristina Roque. “Definitely, of course, definitely,” Roque...
United States (US) President Donald Trump's reciprocal tariffs on the Philippines could further slow the already subpar economic growth expected this year, according to DBS Bank Ltd. of Singapore. In an April 7 report, DBS Group Research chief economist Taimur Baig and senior economist Radhika Rao...
Former Bayan Muna Party-list Rep. Carlos Zarate on Monday, April 7, criticized (US) President Donald Trump's imposition of a 17 percent tariff on Philippine exports, which other government officials viewed as rather advantageous. For Zarate, the US government's move "is hypocritical and...
Poor and vulnerable countries, including the Philippines, will be the most impacted by the sweeping tariffs imposed by the Trump administration on all foreign-origin goods coming to the United States (US), according to the United Nations Conference on Trade and Development (UNCTAD). UNCTAD, an...
Manila 2nd district Rep. Rolan Valeriano sees an opportunity rather than a disadvantage in US President Donald Trump’s implementation of a 17 percent tariff on Philippine exports. It was because the Philippines was, in fact, one of the countries with the lowest tariff slapped by the...
Another round of oil price pain is looming over the second week of April. Based on the four-day trading Mean of Platts Singapore (MOPS), gasoline prices may increase by somewhere around ₱0.30 to ₱0.70 per liter, while diesel could spike by somewhere between ₱0.20 and ₱0.70 per liter. On the...
The Management Association of the Philippines (MAP) is calling for the creation of an Economic Security Council under the Office of the President to look into the impact of the 17-percent tariff imposed by the United States (US) on Philippine imports. MAP, which comprises the country’s...
Thursday, April 3, or depending on where you are, was a “tariffying day” across 185 economies following United States (US) President Trump’s imposition of a reciprocal tariff on goods shipped to the US. While most of the affected economies are still weighing the extent of the economic cost,...
Senate President Francis “Chiz” Escudero on Thursday, April 3 called on state economic managers to prepare and plan for contingencies and a calibrated response to the 17-percent tariff that the United States will impose on Philippine exports starting April 9, 2025. Senate President...
The Philippines is keen on taking advantage of “strategic opportunities” resulting from the imposition of 17-percent reciprocal tariffs on Philippine imports by the United States (US). In a statement on Thursday, April 3, Department of Trade and Industry (DTI) Secretary Cristina Roque said the...
Albay 2nd district Rep. Joey Salceda (PPAB) Ever the optimist, economist-solon Albay 2nd district Rep. Joel Salceda has chosen to look at the bright side of the Trump administration's tariff-geddon, which didn't spare the Philippines. In...
