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ANZ: Phl-US trade deal possible by June
The Philippine Star
|May 10, 2025
A trade agreement between the Philippines and the United States could be reached by the end of June as talks continue amid Washington's push for reciprocal tariffs on Asian exports, according to ANZ Research.
In its latest Asia Insight report, ANZ Research assessed the likely outcomes of ongoing negotiations following US President Donald Trump's April 2 tariff announcement. The policy imposed reciprocal tariffs on key Asian economies, prompting a 90-day pause to allow space for negotiations. The window closes on July 9.
For the Philippines, ANZ estimates that the current 17 percent tariff could be lowered to between 10 and 15 percent if a deal is reached.
The bank forecasts that such an agreement could materialize by the end of June based on the current pace and direction of talks.
This story is from the May 10, 2025 edition of The Philippine Star.
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