WASHINGTON. U.S. President Donald Trump has imposed a 20% tariff on imports from the Philippines, part of a new round of trade measures targeting seven countries, the White House confirmed Wednesday.
The new rate, set to take effect on August 1, replaces the 17% tariff earlier imposed on April 2. While Trump initially suspended most of those April 2 tariffs, reducing them to 10% to allow time for negotiations, he has now reinstated and increased the rate following what he called a lack of progress.
“We have had years to discuss our Trading Relationship with the Philippines, and have concluded that we must move away from these long-term, and very persistent, Trade Deficits engendered by the Philippines’ Tariff, Non-Tariff, Policies and Trade Barriers,” Trump said in his letter. “Our relationship has been, unfortunately, far from Reciprocal.”
The Philippines joins a group of nations facing higher U.S. duties. Trump also announced tariffs of 30% on Algeria, Iraq, Libya, and Sri Lanka, and 25% on Brunei and Moldova. Each letter sent to the countries followed a common template, with minor variations specifying the applicable tariff rates.
Additionally, separate letters were sent to major U.S. trade partners South Korea and Japan, announcing 25% tariffs on their exports as part of Trump’s broader trade strategy.
The new tariff measures are part of the Trump administration’s push to address what it sees as long-standing trade imbalances and non-reciprocal policies, amid an increasingly aggressive global trade agenda.
Si Venus L Peñaflor ay naging editor-in-chief ng Newsworld, isang lokal na pahayagan ng Laguna. Publisher din siya ng Daystar Gazette at Tutubi News Magazine. Siya ay isa ring pintor at doll face designer ng Ninay Dolls, ang unang Manikang Pilipino. Kasali siya sa DesignCrowd sa rank na #305 sa 640,000 graphic designers sa buong daigdig. Kasama din siya sa unang Local TV Broadcast sa Laguna na Beyond Manila. Aktibong kasapi siya ng San Pablo Jaycees Senate bilang isang JCI Senator.
- Venus L Peñaflor
- Venus L Peñaflor
- Venus L Peñaflor
- Venus L Peñaflor
