Philippine News Agency
DTI chief: No retaliation over new US tariff on PH goods
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.
Secretary Roque emphasized that the Marcos administration prefers a constructive approach focused on strengthening trade ties with the US.
The Asian Development Bank has warned that retaliatory measures by developing countries could reduce regional GDP growth by 0.1 percentage point in both 2025 and 2026.
The Philippines, as part of developing Asia, could be affected by any escalation of trade tensions.
Trade Secretary Roque is set to join a virtual meeting of ASEAN Economic Ministers on Thursday to discuss the bloc's unified response to the US tariff order.
She expressed hope that ASEAN can agree on a common approach and work together.
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