Philippine News Agency
PH can be more aggressive in agri exports to US at 17% tariff – DA
Philippine Agriculture Secretary Francisco Tiu Laurel Jr. believes that the US's imposition of global tariffs may give Philippine agricultural products an edge over those from neighboring countries.
He noted that the US tariff rate on products from the Philippines is among the lowest compared to its regional competitors.
As an example, Laurel cited that the 17% tariff on Philippine tilapia exports is significantly lower than the 46% for Vietnam, 32% for Indonesia, 34% for China, and 36% for Thailand.
This situation could potentially lead US importers to source products from the Philippines instead of its regional competitors, thus pushing for more sales into the US.
The Trump administration hopes to address the decline of US manufacturing capacity with its new tariff policy.
Laurel stated that the Philippines can be more aggressive in its agricultural exports to the US due to the favorable tariff rates.
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