Donald Trump, Philippines and tariff
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The new rate is higher than what Trump had threatened when he first unveiled sweeping global tariffs in April.
He’s a wheeler-dealer, our president, needless to say, and he’s kind of cutting these deals — but he has scared these people, and he’s leveraged American bargaining
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Philstar.com on MSNUS tariff impact on Philippines growth minimal – DEPDevA 19-percent tariff on Philippine exports to the United States is expected to have minimal impact on economic growth, but potential trade diversion is a concern, according to the Department of Economy,
14hon MSN
Tuesday's analysis warns of economic and political costs, especially in swing states with significant manufacturing sectors, like Michigan and Wisconsin.
The new tariff rates threatened in the letters Trump shared Wednesday are similar to those he announced on what the White House dubbed “Liberation Day” in early April.
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Philstar.com on MSNPhilippine hopes to bring down US tariffsGovernment urged to address non-tariff barriers MANILA, Philippines — The Philippine government hopes to further reduce the 19-percent tariff imposed on its goods entering the United States as the reciprocal trade deal is being finalized.
Philippine President Ferdinand Marcos Jr. will meet U.S. President Donald Trump this week, hoping Manila's status as a key Asian ally will secure a more favorable trade deal before an August 1 deadline.
Dimerco has stated shippers are uncertain about planning air cargo schedules as the US tariff deadline of 1 August approaches
A slew of countries will face steep levies, including a 50% tariff on imports from Brazil and a 30% tariff on the European Union.
Iraq’s rate also fell to 30%, from 39% in April, and Moldova’s tariff level was reduced from 31% to 25%. The Philippines’ tariff, by contrast, rose from 17% on April 2 to 20%.