PH 'concerned' over 20% US tariff on exports

The Manila Times

PH 'concerned' over 20% US tariff on exports  The government expresses concern over the US' decision to slap a 20 percent tariff on Philippine exports, which came via July 9, 2025 letter addressed to President Ferdinand Marcos Jr., but said that it would negotiate for a lower rate.  VIDEO BY KRISTINA MARALIT  Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe  Visit our website at https://www.manilatimes.net     Follow us:  Facebook - https://tmt.ph/facebook  Instagram - https://tmt.ph/instagram  Twitter - https://tmt.ph/twitter  DailyMotion - https://tmt.ph/dailymotion    Subscribe to our Digital Edition - https://tmt.ph/digital    Check out our Podcasts:  Spotify - https://tmt.ph/spotify  Apple Podcasts - https://tmt.ph/applepodcasts  Amazon Music - https://tmt.ph/amazonmusic  Deezer: https://tmt.ph/deezer  Stitcher: https://tmt.ph/stitcher Tune In: https://tmt.ph/tunein   #TheManilaTimes #TMTNews #USTariff #Philippines

Transcript

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

00:08The fact remains, however, that the 20% rate is the second lowest among all reciprocal tariffs that the U.S. has imposed on the region,

00:20the lowest being the 10% of Singapore.

00:23But more importantly than all of this, we remain committed to continuing negotiations with the United States in good faith

00:35to pursue a bilateral comprehensive economic agreement or, if possible, an FDA.

00:44So myself, together with DDI Secretary Chris Roque and Undersecretary Perry Rodolfo

00:52and Undersecretary Alan Hefty, we'll be flying to the United States next week.

00:58This is actually a scheduled trip to the United States even before today's announcement.

01:04So there will be meetings next week amongst the trade representatives ng Amerika po at ng Pilipinas.

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