The Marcos administration will send a delegation to the United States next week to negotiate a potential lowering of the newly imposed 20 percent reciprocal tariff on Philippine exports, a move that the government described as concerning. Special Assistant to the President for Investment and...
WASHINGTON — President Donald Trump singled out Brazil for import taxes of 50% on Wednesday for its treatment of its former president, Jair Bolsonaro, showing that personal grudges rather than simple economics are a driving force in the U.S. leader’s use of tariffs. Trump avoided his standard...
With new tariffs turning out “worse than expected” for Asian economies, Dutch financial giant ING said the Philippines’ exclusion from the revised list could give the country a trade advantage, potentially allowing it to outperform its regional peers. “Interestingly, countries like India,...
With the return of United States (US) President Donald Trump’s tariffs on the horizon, the Philippine peso may be advantaged by the economy’s relatively less exposure to global trade, according to Japanese financial giant MUFG Bank Ltd. “We are most positive on the currencies of...
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...
Despite double-digit exports growth in the first five months of the year, economic think tanks expect the sales of Philippine-made goods overseas to falter in the second half, especially if United States (US) President Donald Trump pushes through with his tariff spree. “Exports are also likely to...
Philippine economic growth would likely further slow in the next two years to remain below the government’s more ambitious annual targets amid a global deceleration fueled by trade and geopolitical tensions, according to the Washington-based Institute of International Finance (IIF). A June 25...
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...
The Department of Agriculture (DA) is in support of a recommendation from a House of Representatives panel to revert the rice tariff rate from 15 percent to 35 percent—on the condition that this will be implemented gradually. During the final hearing of the House quinta committee on Wednesday,...
Singapore 's DBS Bank Ltd. expects the Bangko Sentral ng Pilipinas (BSP) to end its easing cycle in the third quarter of this year—a year after it began loosening monetary policy in August last year. "The Philippine central bank, the BSP, is on course with its rate cuts. Another 50-basis...
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...
