Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Exclusive | Hong Kong seeks new partner to get 11 Skies back on track amid New World’s debt: sources

July 25, 2025

Hong Kong stocks snap 5-day gain as investors await latest China-US trade talks

July 25, 2025

Hong Kong stocks snap 5-day gain as investors await latest China-US trade talks

July 25, 2025
Facebook X (Twitter) Instagram
Friday, July 25
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Is Philippines getting short end of US tariff stick? 19% rate slammed as ‘worst insult’
Asia

Is Philippines getting short end of US tariff stick? 19% rate slammed as ‘worst insult’

adminBy adminJuly 23, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 11


A new trade deal hailed by Philippine President Ferdinand Marcos Jnr as a “significant achievement” has been slammed by critics at home as the “worst insult” after Manila secured only a one percentage point tariff cut from Washington while granting American goods duty-free access.

Marcos, the first Southeast Asian leader to be hosted by President Donald Trump since his return to the White House, visited the US capital from Sunday to Tuesday for a series of talks centred on trade and security.

The trip came as Manila sought to defuse tensions over Trump’s sweeping “Liberation Day” tariff policy, which had initially imposed a 17 per cent duty on Philippine exports in April before increasing it to 20 per cent earlier this month.

The outcome – a 19 per cent tariff rate on Philippine goods alongside zero tariffs for US exports – was unveiled by Trump on his Truth Social account after holding a joint press conference at the White House.

Marcos defended the result, insisting the concession was more significant than it appeared.

“Now, one per cent might seem like a very small concession. However, when you put it in real terms, it is a significant achievement,” he said, adding that the 19 per cent figure reflected the “special relationship between the Philippines and the United States”.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Asia

As North Korea silences old airwave enmities, could dialogue follow?

July 25, 2025
Asia

In Japan, fears grow of Aum Shinrikyo death cult’s revival

July 25, 2025
Asia

Can Asean mediate Thailand-Cambodia tensions? Growing violence tests peace mandate

July 24, 2025
Asia

Japan’s Fukuoka clamps down on upskirt photos with ‘anti-voyeurism’ mirror

July 24, 2025
Asia

Duterte’s son challenges Philippine police chief to a fist-fight. ‘Perfect,’ says general

July 24, 2025
Asia

UN ruling offers lifeline to climate-threatened communities

July 24, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Minister for deepening economic engagement in ASEAN region – Business & Finance

July 25, 2025

JLL exits advisory role in Roosevelt Hotel sell-off – Business & Finance

July 25, 2025

Pakistan signs MoU with Chinese shipping giant – Business & Finance

July 25, 2025

Canada pension fund to pocket $631 million from India mall JV exit – Business & Finance

July 24, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Exclusive | Hong Kong seeks new partner to get 11 Skies back on track amid New World’s debt: sources
  • Hong Kong stocks snap 5-day gain as investors await latest China-US trade talks
  • Hong Kong stocks snap 5-day gain as investors await latest China-US trade talks
  • As North Korea silences old airwave enmities, could dialogue follow?
  • In a first, Chinese team captures rare quantum friction effect in folded graphene

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Exclusive | Hong Kong seeks new partner to get 11 Skies back on track amid New World’s debt: sources

July 25, 2025

Hong Kong stocks snap 5-day gain as investors await latest China-US trade talks

July 25, 2025

Hong Kong stocks snap 5-day gain as investors await latest China-US trade talks

July 25, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.