Manila Bulletin
ASEAN bloc seeks ‘constructive, frank’ dialogue with US on tariffs
ASEAN economic ministers have expressed a commitment to engage in dialogue and avoid retaliatory measures against the United States' "reciprocal tariffs" amid ongoing trade tensions.
The bloc's economic managers issued a joint statement emphasizing open communication and collaboration to maintain a balanced and sustainable relationship.
This statement followed a virtual meeting on April 10, after US President Donald Trump Jr. had announced global tariffs.
The US president later paused most of these tariffs, reportedly due to financial market chaos and a surge in US government bond yields.
Prior to the pause, Cambodia and Laos would have faced tariffs as high as 49% and 48%, respectively, while the Philippines and Singapore were slated for lower rates of 17% and 10%.
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News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
Trade ministers of the Association of Southeast Asian Nations (ASEAN) convened virtually on April 10 to discuss a united response to reciprocal tariffs imposed by US President Donald Trump.
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The Philippine government, through the Department of Trade and Industry (DTI), has expressed its support for a unified ASEAN response to US President Donald Trump's export tariffs but will not engage in trade retaliation.
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Special Assistant to the President for Investment and Economic Affairs Secretary Frederick Go will travel to the United States to meet with US Trade Representative Jamieson Greer regarding President Donald Trump's announced 17% reciprocal tariff on Philippine goods.
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The Philippine government, through Trade Secretary Ma. Cristina Roque, has stated that the Philippines will not engage in retaliatory measures against the recently imposed 17-percent tariff on certain Philippine goods entering the US market.
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Philippine business groups are concerned about potential retaliatory actions from ASEAN members in response to new US tariffs.
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