US automakers can breathe a sigh of relief for the mean time as President Donald Trump has granted an exemption on automobiles from Mexico and Canada for one month. This was announced by White House Press Secretary, Karoline Leavitt. Trump spoke with Ford, General Motors and Stellantis, agreeing to...
Chickens walk in a fenced pasture at an organic farm in Iowa on Oct. 21, 2015. (AP Photo/Charlie Neibergall, File) BEIJING (AP) — China announced Tuesday it will impose additional tariffs of up to 15% on imports of key U.S. farm products, including chicken, pork, soy and beef. The...
President Donald Trump talks during a meeting with British Prime Minister Keir Starmer, at the White House, Thursday, Feb. 27, 2025, in Washington. (Carl Court/Pool via AP) WASHINGTON (AP) — President Donald Trump's long-threatened tariffs against Canada and Mexico finally went into...
WASHINGTON (AP) — President Donald Trump has paused imposing tariffs on small-value packages arriving from China, apparently to give federal agencies time to sort out how to process millions of such shipments that have come through the U.S. border every day without paying taxes....
While the tariff war among the United States, Canada, Mexico, and China is slowly turning into a potential global situation, its economic impact to the Philippines and the world remains uncertain, Chief Presidential Legal Counsel Juan Ponce Enrile said. Juan Ponce Enrile (MB File Photo) "The...
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 Department of Trade and Industry (DTI) is taking a proactive measure in response to United States (US) President Donald Trump’s proposed universal tariffs that could potentially threaten the country’s export sector. In a statement, DTI Secretary Cristina Roque noted that the US is a major...
President Donald Trump signs a document in the Oval Office at the White House, Thursday, Jan. 30, 2025, in Washington. (AP Photo/Evan Vucci) WASHINGTON (AP) — President Donald Trump said his 25% tariffs on Canada and Mexico are coming on Saturday, but he's still considering whether to...
National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said the 15 percent reduced tariff on rice was a balancing act to ensure affordable prices and protect consumers’ interest. In a statement on Monday, June 10, Balisacan said the decision was not made lightly as the...
Senators have expressed differing opinions on the newly approved reduction tariff on rice by the National Economic and Development Authority (NEDA) that has already been approved by President Marcos. NEDA Secretary Arsenio M. Balisacan said that the reduction tariff on rice from 35 percent to 15...
The Philippine Statistics Authority (PSA) estimated that the decrease in rice tariffs from 35 percent to 15 percent could potentially reduce rice prices by P6 to P7 per kilo. In a briefing on Wednesday, June 5, PSA Undersecretary Claire Dennis S. Mapa said that these estimates were made taking into...
