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.
One year after the fall of Bashar al-Assad, Syria remains at a critical crossroads, attempting to rebuild after 14 years of civil war while confrontin...
Nasry Asfura, the conservative candidate for Honduran president backed by U.S. President Donald Trump, was declared the winner on Wednesday more than ...
Turkish authorities have detained 115 suspected Islamic State members they said were planning to carry out attacks on Christmas and New Year celebrati...
The year 2025 marked a global first in social media regulation, as Australia enacted the world’s first blanket ban on social media usage for childre...
President Volodymyr Zelenskyy outlined for the first time the main points of a draft 20-point framework peace proposal discussed by Ukraine and the Un...
U.S. President Donald Trump is approaching one year in office in his second term. These are some of the highlights of the returning president's first year.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 25th of December, covering the latest developments you need to know.
North Korean leader Kim Jong Un oversaw the test-firing on Wednesday of a long-range surface-to-air missile at a launch site near its east coast, state media KCNA reported on Thursday.
Countries including Britain, Canada, Germany and others on Wednesday condemned the Israeli security cabinet's approval of 19 new settlements in the occupied West Bank, saying they violated international law and risked fuelling instability.
A majority of Russians expect the war in Ukraine to end in 2026, state pollster VTsIOM said on Wednesday, in a sign that the Kremlin could be testing public reaction to a possible peace settlement as diplomatic efforts to end the conflict intensify.
Thailand and Cambodia both reported fresh clashes on Wednesday, as the two sides prepared to hold military talks aimed at easing tensions along their shared border.
Military representatives from Cambodia and Thailand met in Chanthaburi province on Wednesday ahead of formal ceasefire talks at the 3rd special GBC meeting scheduled for 27th December.
Libya’s chief of staff, Mohammed Ali Ahmed Al-Haddad, has died in a plane crash shortly after departing Türkiye’s capital, Ankara, the prime minister of Libya’s UN-recognised government has said.
Afghanistan and Iran have signed an implementation plan to strengthen regulation of food, medicine, and health products based on a 2023 cooperation agreement.
Turkish authorities have detained 115 suspected Islamic State members they said were planning to carry out attacks on Christmas and New Year celebrations in the country, the Istanbul chief prosecutor's office said on Thursday.
President Volodymyr Zelenskyy outlined for the first time the main points of a draft 20-point framework peace proposal discussed by Ukraine and the United States, which he said could become the basis of future agreements to end war with Russia.
Nasry Asfura, the conservative candidate for Honduran president backed by U.S. President Donald Trump, was declared the winner on Wednesday more than three weeks after the 30 November election.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 25th of December, covering the latest developments you need to know.
An explosion tore through a mosque during evening prayers on Wednesday in Maiduguri, the capital of Nigeria’s Borno state, a Reuters witness said. There was no immediate word on casualties or official comment.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment