ABS-CBN
US ambassador confident Philippines, US will reach trade agreement soon
The Philippines and the United States are accelerating negotiations to finalize a trade agreement, according to US Ambassador MaryKay Carlson.
She expressed confidence that both sides are working hard to reach an agreement soon.
The US previously imposed a 10 percent duty on all trading partners, with a 90-day pause on higher reciprocal tariffs for most countries, which is set to expire on July 9.
US President Donald Trump has indicated he does not plan to extend this pause and will notify governments accordingly.
The US has requested trading partners to submit proposals regarding tariffs, quotas for US goods, and plans to address non-tariff barriers.
Ambassador Carlson views trade as an evolving issue and is optimistic that the Philippines and US will continue to pursue a mutually beneficial trade relationship.
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