Tag: Philippines Tariffs
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U.S. Agrees Trade Deal with Philippines Amid Geopolitical Tension
U.S. President Donald Trump announced on his Truth Social account that the United States will impose 19% tariffs on the Philippines, slightly reduced from the 20% he threatened earlier. The U.S. will have tariff-free access to the Philippine market.
An LPG gas tanker at anchor as traffic is down in the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Shinas, Oman, March 11, 2026. REUTERS/Benoit Tessie
Conflict in the Middle East has only intensified over the past two years. The recent disruption of the Strait of Hormuz, the world's most critical energy chokepoint, has sent shockwaves across Southeast Asia, a region heavily dependent on fossil fuel imports. Around one-fifth of global ...
U.S. Agrees Trade Deal with Philippines Amid Geopolitical Tension
U.S. President Donald Trump announced on his Truth Social account that the United States will impose 19% tariffs on the Philippines, slightly reduced from the 20% he threatened earlier. The U.S. will have tariff-free access to the Philippine market.