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,...
The Philippines is ready to collaborate with the Association of Southeast Asian Nations (ASEAN) as the 10-member bloc moves to strengthen its trade partnership with the United States (US) following the 90-day suspension of reciprocal tariffs. In a statement, Department of Trade and Industry...
The Philippines stands to gain a slight advantage over its Asian neighbors despite the new reciprocal tariffs imposed by the United States, a Palace official said on Thursday, April 10. Special Assistant to the President for Investment and Economic Affairs Secretary Frederick Go (RTVM Screenshot)...
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 country’s leading business chamber, which mostly consists of small and medium enterprises (SMEs), is bracing for extra costs due to the Trump administration’s imposition of a 17-percent tariff on Philippine imports. In a statement, the Philippine Chamber of Commerce and Industry (PCCI) said...
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...
After breaking into the stronger ₱56 level on Friday last week, the peso reverted to the ₱57 level on Monday, April 7, against the United States (US) dollar due to concerns over new tariffs imposed by US President Donald Trump. From ₱56.88 versus $1 on Friday, the dollar strengthened at the...
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...
Former Bayan Muna Party-list Rep. Carlos Zarate on Monday, April 7, criticized (US) President Donald Trump's imposition of a 17 percent tariff on Philippine exports, which other government officials viewed as rather advantageous. For Zarate, the US government's move "is hypocritical and...
Poor and vulnerable countries, including the Philippines, will be the most impacted by the sweeping tariffs imposed by the Trump administration on all foreign-origin goods coming to the United States (US), according to the United Nations Conference on Trade and Development (UNCTAD). UNCTAD, an...
Manila 2nd district Rep. Rolan Valeriano sees an opportunity rather than a disadvantage in US President Donald Trump’s implementation of a 17 percent tariff on Philippine exports. It was because the Philippines was, in fact, one of the countries with the lowest tariff slapped by the...
