PBBM, Japan PM discuss US tariffs impact, explore security pact

President Ferdinand R. Marcos Jr. and Japanese Prime Minister Shigeru Ishiba met to discuss strategies to mitigate the economic effects of US tariffs.

The leaders specifically addressed the impact of US tariff measures on the multilateral free trade system and the global economy, considering retaliatory actions between the US and China.

Prime Minister Ishiba expressed Japan's commitment to finding solutions and listening to the concerns of Japanese companies operating in the Philippines.

President Marcos acknowledged Japan as a crucial partner, being the Philippines' second-largest economic partner and a top collaborator in trade, investment, and development.

The two leaders also agreed to start talks on security deals, which would allow them to exchange vital supplies, services, and intelligence information, affirming the importance of a rules-based order amidst China's aggressive acts in the region.

Japan also vowed to cooperate with the Philippines in utilizing Japanese strengths to help the country achieve its goal of attaining upper-middle income status.