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.
At a ministerial meeting of the Organization of Turkic States in Baku, Azerbaijan’s Economy Minister Mikayil Jabbarov proposed creating a joint Star...
British Prime Minister Keir Starmer and Ukrainian President Volodymyr Zelenskyy arrived for the Coalition of the Willing meeting on Friday 24th Octobe...
Twenty-two years ago, the Concorde made its final descent into London, marking the end of an era when air travel reached twice the speed of sound and ...
U.S. defence startup Castelion has secured contracts to integrate its Blackbeard hypersonic weapon with Army and Navy systems, marking a step toward g...
The body of a 56-year-old man has been found buried in mud a year after he was swept away in deadly flash floods in southeastern Spain, authorities sa...
At a ministerial meeting of the Organization of Turkic States in Baku, Azerbaijan’s Economy Minister Mikayil Jabbarov proposed creating a joint Startup and Innovation Cooperation Platform to strengthen regional collaboration and accelerate technological development across member countries.
British Prime Minister Keir Starmer and Ukrainian President Volodymyr Zelenskyy arrived for the Coalition of the Willing meeting on Friday 24th October.
U.S. defence startup Castelion has secured contracts to integrate its Blackbeard hypersonic weapon with Army and Navy systems, marking a step toward global deployment of next-generation strike missiles.
The body of a 56-year-old man has been found buried in mud a year after he was swept away in deadly flash floods in southeastern Spain, authorities said on Thursday.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
British Prime Minister Keir Starmer and Ukrainian President Volodymyr Zelenskyy arrived for the Coalition of the Willing meeting on Friday 24th October.
Twenty-two years ago, the Concorde made its final descent into London, marking the end of an era when air travel reached twice the speed of sound and luxury met groundbreaking engineering.
U.S. defence startup Castelion has secured contracts to integrate its Blackbeard hypersonic weapon with Army and Navy systems, marking a step toward global deployment of next-generation strike missiles.
The body of a 56-year-old man has been found buried in mud a year after he was swept away in deadly flash floods in southeastern Spain, authorities said on Thursday.
Russian President Vladimir Putin has appointed Nikolai Udovichenko as his Special Representative for the delimitation and demarcation of state borders with CIS countries, including the breakaway “Republics of Abkhazia and South Ossetia.”
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment