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Following a meeting with Philippine President Ferdinand Marcos Jr. Tuesday at the White House, U.S. President Donald Trump said that the U.S. would impose a 19 percent tariff rate on the Philippines, down from a 20 percent tariff. In return, the Philippines would have an open market and the U.S. would not pay tariffs. Read more | ||
Some senators on Wednesday, July 23 are disappointed over the Philippines’ failure to get a much lower tariff with the United States. Read more | ||
On the other hand, private-sector economists said that the tariff reduction is still a step forward. Read more |
