The government plans to negotiate with the U.S. after it issued 20% tariff notices to trading partners, including the Philippines, which is higher than the previously announced 17%.
Full story: https://www.rappler.com/philippines/manila-negotiate-usa-tariff/
00:00The government plans to negotiate with the U.S. after it issued 20% tariff notices to trading partners, including the Philippines, which is higher than the previously announced 17%.
00:11Philippines Special Assistant to the President for Investment and Economic Affairs Secretary Frederick Goh says,
00:16Philippine trade representatives will be visiting Washington next week for bilateral trade meetings with U.S. officials to discuss tariff concessions.
00:24Asked how the tariffs will impact the Philippine economy, Goh says,
00:30So when we go there, we will be negotiating what we can offer for the reciprocal tariff.
00:36Goh says it looks like the Philippine semiconductor exports will not be affected by the August 1st tariffs.
00:42Data from the Office of the U.S. Trade Representative shows trade between Manila and Washington reached an estimated $23.5 billion in 2024.
Be the first to comment