Philippines, Trump and Tariff
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Critics warn the new rate, a modest shift from the previous 20 per cent, undermines fair trade and puts Philippine industries at a competitive disadvantage
President Donald Trump says the United States and the Philippines are “very close to finishing” a big trade deal as he meets with Philippine President Ferdinand Marcos Jr. at the White House.
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The Manila Times on MSNPH eyeing zero tariffs on key exports to US
THE Philippines is pushing for zero tariffs on a select list of exports to the United States as part of a broader strategy to deepen trade relations and attract investments, a Cabinet official said. Speaking to reporters last week,
US President Donald Trump suggested that he would not go below 15% as he sets so-called reciprocal tariff rates ahead of an Aug. 1 deadline, an indication that the floor for the increased levies was rising.