Trump to Resume Thailand, Cambodia Trade Talks
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Philippines, Donald Trump and Trade Deal
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Philippine Ambassador to the US Jose Manuel 'Babe' Romualdez clarifies there might be duties imposed on other US products coming into the Philippines as negotiations are ongoing
THE PHILIPPINES will not be sending a delegation to the US but will continue negotiations online to further reduce the 19% tariff imposed on Philippine exports, as Washington’s Aug. 1 deadline approaches,
U.S. President Donald Trump announced a new 19% tariff rate for goods from the Philippines on Tuesday after what he called a "beautiful visit" by Philippine President Ferdinand Marcos Jr. to the White House,
The Philippine president aims to secure a US trade deal and bolster security ties with Washington during his visit.
Under a 2014 deal, called the Enhanced Defence Cooperation Agreement, or EDCA, the U.S. military has access to Philippine bases and sites for joint training and for facilities such as runways, fuel storage and troop housing. The agreement was expanded in 2023 to allow the United States access to nine locations, up from five before.
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
The Philippine president could offer Trump military access and mineral rights in exchange for a lower US tariff, analysts say.
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The Manila Times on MSNPH-EU free trade talks ‘going very well’FREE-TRADE agreement (FTA) negotiations between the Philippines and the European Union are “going very well,” EU Ambassador to the Philippines Massimo Santoro said, with the fourth round of talks scheduled in October.