Trump announces Philippines trade deal
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President Trump reveals trade deal with the Philippines after Oval Office meeting with President Ferdinand Marcos Jr., including zero tariffs for the U.S.
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Philstar.com on MSNPhilippines to finesse US tariffAccording to economist and former lawmaker Joey Salceda, the recent announcement of US President Donald Trump that the US and the Philippines have agreed on a tariff deal that would give a zero tariff on US exports to the Philippines and a 19 percent tariff on Philippine exports to the US,
The trade deal agreed upon by the Philippines and the United States seems to be tilting in favor of the Philippine semiconductor and electronics industry as it would enjoy lower prices for imported equipment and some raw materials while the garments sector says it might be an uphill battle
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PhilStar Global on MSNTariff talks with US not yet finished – officialsAmid criticisms of the minimal reduction in the tariff slapped by the US on Philippine exports and concerns on the impact of zero tariff on US products, the Marcos administration said yesterday that the trade talks between Manila and Washington are not yet over.
President Donald Trump announced new trade deals with Japan and the Philippines this week, bringing the total number of deals to five. However, several major trading partners still haven’t reached trade agreements with the U.S. ahead of the Aug. 1 deadlines.
PHILIPPINE Ambassador to the United States Jose Manuel Romualdez has clarified that the recently cited 19% tariff on Philippine exports to the United States is not yet final, emphasizing that trade negotiations are active and expected to conclude before August 1.
Oil prices edged higher yesterday amid trade talk optimism, offsetting expectations of supply increases from Venezuela. US natural gas prices also settled higher on the day. Read more here.