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Trump shares 7 more tariff letters addressed to Philippines, Sri Lanka, other emerging economies
The new tariff rates threatened in the letters Trump shared Wednesday are similar to those he announced on what the White House dubbed “Liberation Day” in early April.
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Philippines airs concern as Trump hikes tariff to 20%
The Philippine government is viewing with concern the higher-than-expected 20-percent reciprocal tariff to be imposed by the United States starting next month, as announced by the Trump administration on Thursday.
Philippines concerned over higher U.S. tariffs, will continue to negotiate, minister says
The Philippines is concerned about the United States' decision to impose 20% tariffs on Philippine exports but will continue to negotiate, its economic affairs minister said on Thursday.
Trump Hits More Nations With Tariff Letters Including Libya, Iraq and the Philippines
President Trump posted letters to his Truth Social platform Wednesday outlining tariff levels for seven countries. Trump said he would levy 30% tariffs on Libya, Iraq, and Algeria, effective Aug. 1. Moldova and Brunei will get 25% tariffs,
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US Tariffs on Sri Lanka and Philippines may shift trade advantage to India
India could pose stiff competition to Sri Lanka and the Philippines for nearly a fifth of their exports to the United States as both countries are facing high import duties under new US trade arrangement,
Philippines Seen Resilient to Tariffs But Faces Risks, S&P Says
The Philippine economy is likely to be resilient to higher US levies but faces the risk of lower foreign investments amid the global uncertainty, according to S&P Global Ratings.
US’ Trump to host Philippines’ Marcos Jnr to discuss Asia trade, security
The Philippines and the US have boosted mutual defence engagements to step up deterrence against China’s increasing aggression in Asia.
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