August 24, 2025
Rating the Philippines’ new 19% tariff: ‘significant’ win or ‘worst insult’?

A new trade deal hailed by Philippine President Ferdinand Marcos Jnr as a “significant achievement” has been slammed by critics at home as the “worst insult” after Manila secured only a one percentage point tariff cut from Washington while granting American goods duty-free access.
Marcos, the first Southeast Asian leader to be hosted by President Donald Trump since his return to the White House…
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