Philippine News Agency
PH in ‘better position’ vs. ASEAN with US reciprocal tariffs – DTI
The Philippine government, through the Department of Trade and Industry (DTI), is evaluating the strategic opportunities arising from the 17 percent reciprocal tariffs imposed by the US on its imports.
DTI Secretary Ma. Cristina Roque stated that the Philippines is in a relatively better position compared to other ASEAN and Asian nations due to these tariffs.
Philippine goods will face the second-lowest tariff rate in ASEAN, above Singapore's 10 percent.
Other ASEAN countries like Cambodia (49%), Laos (48%), Vietnam (46%), Myanmar (46%), Thailand (36%), Indonesia (32%), and Malaysia (24%) face significantly higher tariffs.
Asian economies such as China (34%), Taiwan (32%), India (26%), South Korea (25%), and Japan (24%) also have higher reciprocal tariffs.
The DTI attributes the Philippines' lower tariff rate to its minimal trade deficit with the United States.
These new tariffs are scheduled to be implemented starting April 9, 2025.
Topics in this story
Explore more stories about these topics.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
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.
The Philippines sees an opportunity to boost exports to the US following the imposition of a 17% reciprocal tariff by US President Donald Trump.
Read more →
US President Donald Trump announced a 17% reciprocal tariff on all Philippine goods, effective April 9, as part of his "Liberation Day" tariff plan impacting 11 ASEAN countries.
+3
Read more →
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.
+3
Read more →
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.
+5
Read more →
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.
Read more →