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Nomura expects 'Trump tariff' on PHL goods staying at 10%
Business World Philippines
|June 18, 2025
THE US tariff on Philippine goods is likely to stay at the 10% “baseline” level after the Trump administration’s 90-day pause ends in July.
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In its report released June 16, Nomura Global Markets Research said the current 10% baseline tariff rate may continue in countries such as Singapore and the Philippines.
It expects the US to charge Vietnam 24% and Thailand 20% tariffs, down from the original “reciprocal tariffs” announced on April 2 of 46% and 36%.
The April 2 “Liberation Day” tariffs triggered negotiations by trading partners to bring down their final rates.
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