The Philippines could forgo revenues of between P3 billion and P6 billion a year due to the zero-tariff concession granted to select US goods, according to Finance Secretary Ralph Recto. Speaking to reporters on the sidelines of the 2025 post-State of the Nation Address (Sona) discussions on Tuesday,

After months of grueling negotiations by his trade team, President Marcos came back last week from his face-to-face meeting with United States President Donald Trump at the White House with a 19-percent tariff on Philippine exports to the US.

The Philippine president has doubled down on having close relations with the US during his term, which has caused some tensions with Beijing.

President Donald Trump announced new trade deals with Japan and the Philippines this week, bringing the total number of deals to five. However, several major trading partners still haven’t reached trade agreements with the U.S. ahead of the Aug. 1 deadlines.

Philippine President Ferdinand Marcos Jr. will discuss the planned US tariff on the Southeast Asian nation during his trip to Washington that includes a meeting with President Donald Trump.

Asian shares are higher, buoyed by optimism that the U.S.-Japan tariff agreement will be followed by more trade deals

Certain food producers may face stiffer competition from American agricultural products following the opening of domestic markets as part of the forthcoming trade deal between the United States and the Philippines,

The president’s vision for reshaping global trade is falling into place, but he is embarking on an experiment that economists say could still produce damaging results.