US imposes 17% tariffs on Philippine imports, set to take effect April 9

US President Donald Trump announced new reciprocal tariffs targeting over 180 countries including the Philippines, set to take effect April 9th with an increase of 17% for Philippine imports into the US.

The Office of the United States Trade Representative reported a $4.9 billion trade deficit for the US with the Philippines in 2024, representing a significant 21.8% rise from the previous year.

Despite higher tariffs on other countries like Cambodia (49%) and Vietnam (46%), Malacañang asserts minimal immediate economic impact on the Philippines due to its advantageous trade surplus position with the US.