WASHINGTON (AP) — President Donald Trump on Monday set a 25% tax on goods imported from Japan and South Korea, as well as new tariff rates on a dozen other nations that would go into effect on Aug. 1. Trump provided notice by posting letters on Truth Social that were addressed to the leaders of...
Philippine exports to the United States (US) continued to grow, while imported goods from China slid in April—when US President Donald Trump imposed tariffs on America 's trading partners. The latest preliminary data from the Philippine Statistics Authority (PSA) on Friday, May 30, showed...
If trade shocks are left unchecked, they could potentially inflict greater damage on Philippine growth, compromising the country’s significant progress in recent years, according to a top official of the Bangko Sentral ng Pilipinas (BSP). “In particular, trade shocks affect the capital stock of...
GENEVA (AP) — The lead U.S. negotiator in trade talks with China cheered "a great deal of productivity" in resolving differences between the world 's two leading economic powers, after officials wrapped two days of bargaining in Switzerland following President Donald Trump imposing steep...
Robust government spending ahead of the May 12 elections likely sped up economic growth in the first quarter, despite private consumption largely being in wait-and-see mode as Filipinos save up, according to the research arm of global financial giant Deutsche Bank. In a May 3 report received by...
Amid the ongoing tariff conflict between the United States and China, Chinese Ambassador to the Philippines Huang Xilian urged the Association of Southeast Asian Nations (ASEAN) to be united in addressing “common challenges” and safeguarding its interests and the global economic order. ...
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...
While other regions and countries have retaliated against United States President Donald Trump’s imposition of increased tariffs on foreign goods, the Association of Southeast Asian Nations (ASEAN) will instead seek “a frank and constructive dialogue” to address trade-related concerns. ...
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...
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...
While the Philippines would be insulated from the tariff wars initiated by United States (US) President Donald Trump, it cannot reap the potential benefits from the supply chain restructuring of affected businesses in targeted countries. This highlights the need for the Philippines to enhance the...
Just a month after President Donald Trump had threatened to put a tariff on Canadian and Mexican goods only to pause them, the US President has made good on his promise by placing a 25% tariff on vehicles imported into the US. The President said the move will spur growth and encourage greater...
