The Philippines remains optimistic about the possible removal of the 12.5-percent tariff imposed by the United States (US) on its imports as the Trump administration reviews the country’s efforts to crack down on forced labor imports. Department of Trade and Industry (DTI) Undersecretary Ceferino...
The country’s exports to the United States (US) are now subject to a higher 12.5-percent tariff after the Trump administration determined that the Philippines has failed to prevent the entry of goods produced with forced labor. In a notice on Friday morning, July 24 (Philippine time), the Office...
The Philippines expects the United States (US) to consider exempting its imports from the threat of a 12.5-percent tariff following the creation of an inter-agency body tasked with probing the alleged importation of goods produced with forced labor. “It should be,” Department of Trade and...
While Malacañang acknowledged the proposal by the United States Trade Representative (USTR) to impose additional tariffs on select Philippine products due to findings on forced labor under the safeguard, it asserted that the country opposes forced labor and can defend itself against it. The USTR...
BEIJING, China — The trade relationship between two of the world’s largest economies is expected to expand significantly in the near term as China looks to secure bilateral commitments with the United States (US) at the upcoming Asia-Pacific Economic Cooperation (APEC) Summit. Ambassador Chen...
BEIJING, China — The Asia-Pacific Economic Cooperation (APEC) Summit this year is expected to help settle differences between the economic powerhouses of China and the United States (US), as the regional bloc works to affirm an open trade policy, according to China National Committee for Pacific...
Malacañang said the Philippine economic team will continue to engage with the United States following its imposition of a 15-percent increase in import duties. "We will continue to engaged with the US given that US remains a major trading partner," the economic team said in a statement read by...
There’s no better word to describe the trade environment this year than uncertainty, as the country endured a slew of changes and setbacks, particularly due to the policies of the United States (US), its closest ally and largest trading partner. It is no surprise that when US President Donald...
The agriculture sector could be in deep trouble if the government moves to open up the market to imports from the United States (US) as part of concessions to reduce the 19 percent tariff slapped on Philippine goods, according to the Philippine Chamber of Agriculture and Food Inc. (PCAFI). PCAFI...
The ongoing corruption scandal in flood control projects and uncertainties in tariffs by the United States (US) are making investors hesitant to pour capital into the country’s electronics industry, according to a prominent industry group. The Semiconductor and Electronics Industries in the...
Singapore-based ASEAN+3 Macroeconomic Research Office (AMRO) has projected that the United States (US) tariffs imposed on its trade partners in the region, including the 19-percent duty on the Philippines, will be felt by the end of 2025. Such drag will serve as friction to gross domestic product...
The agricultural ministers of the Association of Southeast Asian Nations (ASEAN) are looking to secure additional exemptions on certain agricultural products facing reciprocal tariffs from the United States (US), according to Agriculture Secretary Francisco Tiu Laurel. Tiu Laurel, appointed as...
