Gov't 'concerned' about Trump's 20% tariff on PH goods; to send delegation to renegotiate

Manila Bulletin

The Marcos administration will send a delegation to the United States next week to negotiate a potential lowering of the newly imposed 20 percent reciprocal tariff on Philippine exports, a move that the government described as concerning. (Video courtesy of RTVM)  READ: https://mb.com.ph/2025/07/10/govt-concerned-about-trumps-20-tariff-on-ph-goods-to-send-delegation-to-renegotiate  Join this channel to get access to perks:  https://www.youtube.com/channel/UC5664f6TkaeHgwBly50DWZQ/join   Subscribe to the Manila Bulletin Online channel! - https://www.youtube.com/TheManilaBulletin   Visit our website at http://mb.com.ph  Facebook: https://www.facebook.com/manilabulletin  Twitter: https://www.twitter.com/manila_bulletin  Instagram: https://instagram.com/manilabulletin  Tiktok: https://www.tiktok.com/@manilabulletin   #ManilaBulletinOnline  #ManilaBulletin  #LatestNews

Transcript

00:00We are in receipt of the United States' latest reciprocal tariff for the Philippines.

00:07We are concerned that the U.S. has decided to impose a 20% tariff on Philippine exports.

00:15The fact remains, however, that the 20% rate is the second lowest among all reciprocal tariffs that the U.S. has imposed on the region,

00:26the lowest being the 10% of Singapore.

00:30But more importantly than all of this, we remain committed to continuing negotiations with the United States in good faith

00:41to pursue a bilateral comprehensive economic agreement or, if possible, an FTA.

00:51So myself, together with DTI Secretary Chris Roque, and Undersecretary Perry Rodolfo, and Undersecretary Alan Hepti,

01:01will be flying to the United States next week.

01:05This is actually a scheduled trip to the United States even before today's announcement.

01:10So there will be meetings next week amongst the trade representatives ng Amerika po at ng Pilipinas.

01:19And lastly, I just wanted to say that, of course, the economic team, the DTI,

01:27will continue to advance key economic reforms to sustain a competitive and investor-friendly business environment,

01:35and to try to build more trade relationships with other countries all over the world

01:41to create more market opportunities for our business enterprises dito po sa Pilipinas.

02:02You

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