Philippines Urged to Capitalize on Lower US Tariff for Agri Exports: DA
Manila: The Philippines can potentially enhance its agricultural exports to the United States following the imposition of a 17 percent tariff on Philippine goods by US President Donald Trump, announced Agriculture Secretary Francisco Tiu Laurel Jr. on Thursday. This new tariff rate is set above the global baseline of 10 percent, yet it remains comparatively favorable for the Philippines. According to Philippines News Agency, Tiu Laurel highlighted during a press conference that the Philippines enjoys one of the lowest tariffs among its Asian competitors, which includes countries like Indonesia, Vietnam, and Thailand facing higher duties. “Based on the tally that