Malacañang said the Philippines is prepared for any scenario as it continues to negotiate a reciprocal tariff agreement with the United States. Communications Undersecretary Claire Castro said this as US President Donald Trump 's 90-day pause on the “Liberation Day” tariffs expires on...
Department of Trade and Industry (DTI) Secretary Cristina Roque is open to the proposed extension of trade talks with the United States (US), as the government races to lower the reciprocal tariffs the Philippines is set to face on July 9. Roque expressed this sentiment on Wednesday, June 18,...
Flag carrier Philippine Airlines (PAL) has relaunched its cargo service to stay in tune with the latest developments in the cargo industry, amid the impending threat of tariff policies that could disrupt global trade. During a media launch on Monday, June 16, the Lucio Tan-led airline unveiled the...
Malacañang said the Philippines is satisfied with the ongoing tariff negotiations with the United States amid the 17 percent reciprocal tariff imposed by US President Donald Trump to the country. When asked if the Philippines is satisfied with the ongoing trade talks with the US, Palace Press...
Low-cost carrier Cebu Pacific is closely monitoring the potential fallout from the reimposition of the United States’ new tariff policy on its record ₱1.4 trillion deal to purchase aircraft from European manufacturing giant Airbus SE. In October last year, the Gokongwei-led airline finalized a...
President Marcos said Chinese Premier Li Qiang shared the same concern over the economic risks posed by the United States’ unilateral tariff regimes, saying they do not want it to carry on. Marcos shared in an interview with reporters in Kuala Lumpur, Malaysia that he was able to have a brief...
Many developing economies, including the Philippines, are expected to lose their competitiveness in the United States (US) market once the currently suspended tariffs imposed by the Trump administration are reinstated, according to the United Nations Conference on Trade and Development (UNCTAD)....
Department of Agriculture (DA) Secretary Francisco Tiu Laurel said he is open to shifting the importation of key agricultural goods to the United States (US) from other countries, as part of the government’s strategy to reduce the reciprocal tariffs imposed on Philippine goods. A delegation of...
The influential Makati Business Club (MBC) is calling on the Marcos administration to prepare for the potential impact of tariffs levied by the United States (US) on Philippine goods, warning of the threat they pose to Filipino workers. In its Labor Day message on Thursday, May 1, the group of the...
Chinese imports to the Philippines and Philippine exports to the United States (US) surged in the first quarter, amid escalating trade tensions between Washington and Beijing that threaten to disrupt the global economy. The latest preliminary Philippine Statistics Authority (PSA) data on Wednesday,...
Emerging market (EM) currencies, including the Philippine peso, gained versus the United States (US) dollar in the aftermath of US President Donald Trump's tariff spree, according to the think tank Capital Economics. "EM currencies have generally strengthened against the dollar since 'Liberation...
Department of Trade and Industry (DTI) Secretary Cristina Roque is looking into providing greater access to key export interests as part of concessions that the United States (US) could ask in exchange for lowering the reciprocal tariffs imposed on Philippine goods. “Not that we're going...
