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PH agri products now exempted from US tariffs
The United States has granted additional exemptions on key Philippine agricultural products like coconuts, pineapples, bananas, and mangoes from President Donald Trump's 19% reciprocal tariff rate.
Trade Secretary Cristina Roque announced the exemption, highlighting that these products are not locally produced in the US.
Roque further noted that the majority of Philippine agricultural exports to the US, including coconut oil, coconut water, fruit juices, processed pineapples, desiccated coconuts, confectionery, processed bananas, tuna fillets, and dried fruits, are now exempt from reciprocal tariffs.
The value of these newly exempted agricultural products amounts to over $1 billion in export value as of 2024, according to Special Assistant to the President Frederick Go.
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