Department of Trade and Industry (DTI) Secretary Cristina Roque said the Philippines is “business as usual” as it awaits potential changes once the 90-day temporary suspension on reciprocal tariffs imposed by the United States (US) on all foreign-source goods is lifted. US President Donald...
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. ...
An intensifying global tariff war would provide the Philippines with trade rerouting opportunities that the country may not fully take advantage of due to its underdeveloped logistics sector. As United States (US) President Donald Trump's tariffs target economies where significant export flows...
The tariff exemption on electronic products ordered by United States (US) President Donald Trump would provide the Philippines' top export commodity some relief, according to Japanese financial giant MUFG Bank Ltd. This will reinforce the Philippines' position among the emerging markets relatively...
Lt. Gen. John Caine (Retired), testifies during a Senate Armed Services Committee hearing to examine his nomination to be promoted to general and Chairman of the Joint Chiefs of Staff, Department of Defense, Tuesday, April 1, 2025, in Washington. (AP Photo/Manuel Balce Ceneta) WASHINGTON...
As we, in this part of the hemisphere, were sleeping, the other side of the trading world was greeted with a surprise proclamation that the United States’ (US) reciprocal tariff on 185 economies, including the Philippines but excluding China, will be put on hold for 90 days. Yes Virginia,...
Treasury Secretary Scott Bessent speaks to reporters outside the West Wing of the White House, Wednesday, April 9, 2025, in Washington, with White House press secretary Karoline Leavitt. (AP Photo/Jacquelyn Martin) WASHINGTON (AP) — Facing a global market meltdown, President Donald...
The Philippines' relatively lower reciprocal tariffs, to be levied by the United States (US) on imports, will shield domestic banks from larger losses due to the economic fallout, according to the debt watcher Moody's Ratings. Across the Asia-Pacific region, where many countries will be slapped...
President Donald Trump, left, shakes hands with Israel's Prime Minister Benjamin Netanyahu as he leaves the West Wing of the White House, Monday, April 7, 2025, in Washington. (AP Photo/Mark Schiefelbein) WASHINGTON (AP) — President Donald Trump said Monday the U.S. will hold direct...
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...
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...
