Dutch financial giant ING expects the Philippine peso to depreciate against the United States (US) dollar in the near term as the US President Donald Trump-led global trade war rages on and the domestic economy weakens. "We look for the Singapore dollar and Philippine peso to underperform in a...
Surging United States (US) tariffs will weaken the global economy and push up inflation this year, according to projections to be released next week by the Washington-based multilateral lender International Monetary Fund (IMF). The IMF’s Managing Director, Kristalina Georgieva, said Thursday,...
Chinese President Xi Jinping waves as he boards his plane for departure at Noi Bai International Airport in Hanoi, Vietnam Tuesday, April 15, 2025. (Athit Perawongmetha/Pool Photo via AP) BANGKOK (AP) — China's President Xi Jinping is making the case for free trade as he tours Southeast...
Net importing countries like the Philippines should brace for a barrage of Chinese goods as China seeks alternative markets to the United States (US) amid intensifying trade tensions between the two economic giants, according to the think tank Capital Economics. In an April 15 report, Capital...
While no economy in the Asia-Pacific (APAC) region will be resistant against the impact of an even more complicated global trade, the Philippines and other domestically driven economies could easily adapt. “Intensification of geopolitical pressures could further harm the APAC region,”...
Amid a Trump-led global trade war looming on the horizon, the Philippines sourced more products from China while it exported more goods to the United States at the start of 2025. Preliminary Philippine Statistics Authority (PSA) data on Friday, Feb. 28, showed that the value of the Philippines'...
The flags of Mexico, Canada and the United States are shown near the Ambassador Bridge, Monday, Feb. 3, 2025, in Detroit. (AP Photo/Paul Sancya) WASHINGTON (AP) — President Donald Trump on Monday agreed to a 30-day pause on his tariff threats against Mexico and Canada as America's two...
Traditional Russian wooden dolls called Matryoshka depicting China's President Xi Jinping, left, and U.S. President Donald Trump are on sale at a souvenir shop in St. Petersburg, Russia, on Nov. 21, 2024. (AP Photo/Dmitri Lovetsky, File) BEIJING (AP) — China countered ...
The Philippines ranked the lowest among major ASEAN countries in taking advantage of the tariff advantage in the US market following the US-China trade war. The “The Impact of Section 301 Tariffs on China: An Analysis of US Import Trends for Indonesia and Select ASEAN Neighbors since 2017”,...
