PH trade execs to push for lower US tariffs in Washington talks

Trade officials, including Trade Secretary Cristina Roque and SAPIEA Secretary Frederick Go, will visit Washington from April 29 to May 2 to negotiate a reduction in US reciprocal tariffs on Philippine exports.

The primary objective is to secure lower tariffs for the Philippines compared to its Southeast Asian neighbors to gain a competitive edge in trade with the US.

Roque indicated a willingness to offer greater market access to key US export interests if requested, as a concession for the tariff reduction.

The delegation will meet with US Trade Representative Ambassador Jamieson Greer and Commerce Secretary Howard Lutnick.

This negotiation aims to potentially lower the current 17 percent tariffs, which are the second lowest in ASEAN, with Singapore having a 10 percent tariff.

A 90-day pause on these tariffs is currently in effect, with the US having reduced the levy to 10 percent for most trade partners to facilitate negotiations.