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The Philippine Star
|April 15, 2025
From B4
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So as far as the US Government is concerned, the US does have an existing trade deficit with the Philippines. The value of US imports from the Philippines is greater than the value of Philippine imports from the US. This imbalance is the result of the trade barriers imposed by the Philippines, per the NTE reports mentioned. Hence, the already imposed ad valorem duty of 10 percent and the paused additional country-specific ad valorem duty of 17 percent, to be imposed after 90 days.
This story is from the April 15, 2025 edition of The Philippine Star.
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