The Philippines plans to negotiate with the United States to reduce newly imposed 20% tariffs on its exports, following a directive by President Donald Trump.
The Philippines intends to enter talks with the United States to reduce recently announced tariffs, after Washington raised duties on imports from Manila to 20%, the country’s ambassador to the U.S. said on Thursday.
“We still plan to negotiate those down,” Ambassador Jose Manuel Romualdez said in a phone message.
U.S. President Donald Trump on Wednesday issued new tariff directives for several trading partners, including the Philippines, raising duties to 20%, an increase from the previously announced 17%.
When asked what tariff rate the Philippines would aim for in negotiations, Romualdez replied: “Will see.”
According to data from the U.S. Trade Representative's Office, total trade in goods between the U.S. and the Philippines reached approximately $23.5 billion in 2024. U.S. exports to the Philippines rose slightly to $9.3 billion, up 0.4% from 2023, while imports from the Philippines increased 6.9% to $14.2 billion.
This led to a U.S. trade deficit with the Philippines of $4.9 billion in 2024—a 21.8% rise compared to the previous year.
The office of the Philippine president has not yet issued a response.
Scientists have discovered thriving animal communities living off chemicals, not sunlight, at record depths in the Pacific Ocean’s Kuril-Kamchatka a...
Voice actors across Europe are sounding the alarm over the rise of artificial intelligence in the dubbing industry, warning that the use of AI-generat...
AnewZ and Agenzia di Stampa Italpress have signed a Memorandum of Understanding and Cooperation to develop and strengthen ties in the media sector....
President Donald Trump announced on Wednesday that the United States will impose a 25% tariff on imports from India starting August 1, along with an a...
The World Bank has announced that Tajikistan's medium-term outlook remains favourable, with growth projected to moderate to 7% in 2025 and converge to...
Voice actors across Europe are sounding the alarm over the rise of artificial intelligence in the dubbing industry, warning that the use of AI-generated voices could jeopardize jobs, creative quality, and intellectual property rights.
AnewZ and Agenzia di Stampa Italpress have signed a Memorandum of Understanding and Cooperation to develop and strengthen ties in the media sector.
President Donald Trump announced on Wednesday that the United States will impose a 25% tariff on imports from India starting August 1, along with an additional, unspecified penalty.
Azerbaijan will begin supplying 6 million cubic metres of gas to Syria this week under a swap deal with Türkiye, officials said, aiming to boost electricity generation in the war-torn country.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
AnewZ and Agenzia di Stampa Italpress have signed a Memorandum of Understanding and Cooperation to develop and strengthen ties in the media sector.
President Donald Trump announced on Wednesday that the United States will impose a 25% tariff on imports from India starting August 1, along with an additional, unspecified penalty.
Azerbaijan will begin supplying 6 million cubic metres of gas to Syria this week under a swap deal with Türkiye, officials said, aiming to boost electricity generation in the war-torn country.
Kazakhstan has once again come into the geopolitical spotlight, this time with American interests front and center.
Thailand has accused Cambodian forces of opening fire across the disputed frontier on Wednesday, the second reported violation since a Malaysia-brokered truce took effect at midnight on Monday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment