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...
The reduction tariff on rice from 35 percent to 15 percent and additional government subsidies will lessen the cost of rice to P29 per kilo for the poor, National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said. Balisacan said on Tuesday, June 4, that adjusting the...
Reducing the tariff on imported rice to 17.5 percent would be more favorable to the consumers and farmers, Finance Secretary Ralph G. Recto said. On the sidelines of the Philippine Economic Briefing on Monday, May 27, Recto said that there should be a balance between the two parties when...
WASHINGTON — New tariffs on Chinese electric vehicles and batteries, solar cells, medical equipment and other goods are intended to protect U.S. jobs and manufacturers. They could raise prices on certain specific items, experts say, though a broad inflationary impact is unlikely in the short...
The government’s inter-agency body on inflation has officially recommended to President Marcos that the reduced import tariff on rice be extended until the end of next year, the National Economic and Development Authority (NEDA) said. After the Oct. 3 meeting of the Inter-Agency Committee on...
