US President Donald Trump delivers remarks on reciprocal tariffs as US Secretary of Commerce Howard Lutnick holds a chart throughout an occasion within the Rose Backyard entitled “Make America Rich Once more” on the White Home in Washington, DC, on April 2, 2025. | Picture by Brendan SMIALOWSKI / AFP
MANILA, Philippines — A 17 % tariff will probably be slapped to Philippine exports to America beginning April 9.
That is a part of the sweeping “Liberation Day” tariff coverage introduced by United States president Donald Trump.
Mr. Trump posted a desk on Fact Social the place he introduced the the 17-percent tariff. That is, nonetheless, nonetheless decrease than the 34 % imposition on items coming to the nation from America.
READ: Trump sparks commerce conflict with sweeping international tariffs
An annex to a Trump assertion issued by the White Home, nonetheless, indicated a barely increased tariff charge of 18 % on the Philippines.
Decrease than most of Southeast Asia
Greater tariffs are likewise imposed on most of key Southeast Asian neighbors: Vietnam at 46 %, Thailand at 36 %, Indonesia at 32 % and Malaysia at 24 % and Cambodia at 49 %.
Solely Singapore will probably be slapped with simply 10-percent tariff — the baseline determine cited by Mr. Trump, who cited an pressing have to “strengthen the worldwide financial place of america and shield American employees.”
READ: Explainer: Key particulars on Trump’s market-shaking tariffs
Trump introduced “individualized” reciprocal increased tariff on nations with which the US has the biggest commerce deficits. All different nations will probably be subjected to the unique 10-percent tariff baseline efficient April 5.
“Massive and chronic annual U.S. items commerce deficits have led to the hollowing out of our manufacturing base; resulted in a scarcity of incentive to extend superior home manufacturing capability; undermined important provide chains; and rendered our defense-industrial base depending on overseas adversaries,” Trump stated.
Mr. Trump invoked his authority beneath the Worldwide Emergency Financial Powers Act of 1977 to “tackle the nationwide emergency posed by the massive and chronic commerce deficit.” — Doris Dumlao-Abadilla
Learn Subsequent
Disclaimer: The feedback uploaded on this website don’t essentially characterize or replicate the views of administration and proprietor of Cebudailynews. We reserve the precise to exclude feedback that we deem to be inconsistent with our editorial requirements.
