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PH ‘business as usual’ amid 90-day ‘lrump tariff pause
April 16, 2025
|Manila Bulletin
Department of Trade and Industry (DTI) Secretary Cristina Roque said the Philippines is “business as usual” as it awaits potential changes once the 90-day temporary suspension on reciprocal tariffs imposed by the United States (US) on all foreign-source goods is lifted.
US President Donald Trump ordered a 10-percent baseline tariff on all imports into America as a boon to its domestic manufacturing industry during his so-called “Liberation Day” on April 2.
Trump imposed a higher reciprocal tariff on countries with which the US has a trade deficit, with the Philippines slapped with a 17-percent tariff.
He later moved to pause these higher tariffs on most countries until July, only keeping the initial 10-percent tariffs.
With three months left on the negotiating table, several countries are raring to negotiate for a beneficial agreement with the US.
هذه القصة من طبعة April 16, 2025 من Manila Bulletin.
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