US to Impose 19% Tariff on Philippine Goods
President Trump Announces New Trade Deal with Philippines Following White House Meeting
The United States will impose a 19% tariff on imports from the Philippines, US President Donald Trump has announced after meeting with Philippine President Rodrigo Duterte at the White House.
The new tax rate is higher than initially threatened by Trump in April when he first proposed sweeping global tariffs.
According to Trump's social media post on Tuesday, this move forms part of a broader trade agreement in which the Philippines will remove duties on US goods and the two countries will cooperate militarily.
No further details regarding the apparent pact have been provided, and the Philippine Embassy in Washington DC has not yet confirmed the arrangement.
The implementation of these tariffs is set to take effect on 1 August, causing uncertainty for several key trade partners, including the European Union and Canada.
These nations are now considering potential retaliatory measures as negotiations with the US remain unresolved.
The new tax rate is higher than initially threatened by Trump in April when he first proposed sweeping global tariffs.
According to Trump's social media post on Tuesday, this move forms part of a broader trade agreement in which the Philippines will remove duties on US goods and the two countries will cooperate militarily.
No further details regarding the apparent pact have been provided, and the Philippine Embassy in Washington DC has not yet confirmed the arrangement.
The implementation of these tariffs is set to take effect on 1 August, causing uncertainty for several key trade partners, including the European Union and Canada.
These nations are now considering potential retaliatory measures as negotiations with the US remain unresolved.
