Philippines faces minimal impact from US tariff

The Philippines will experience minimal impact from the 17-percent reciprocal tariff imposed by the United States beginning April 9.

Palace Press Officer and Communications Undersecretary Claire Castro stated that while specific industries affected are yet to be determined, this tariff is among the lowest globally compared to other countries facing higher tariffs.

Castro noted in a Palace briefing on Thursday, April 3, that the Department of Trade and Industry (DTI) expects the impact to be minimal and that the US' decision cannot be stopped despite strong ties between Manila and Washington.

The government has no plans to appeal to the US for a reduction in tariffs but will continue to assess potential effects.

Castro emphasized that the tariff could have both positive and negative impacts on the Philippines, potentially attracting investors due to lower tariffs compared to other countries facing higher rates.

US goods trade with the Philippines totaled an estimated USD23.5 billion in 2024, with imports from the Philippines to the US amounting to USD14.2 billion.