Trump, Philippines and tariffs
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In his notice letter, Trump informed Marcos that come August 1, 2025, Washington will charge Manila 20% on any of its products sent into the US.
It shows that personal grudges rather than simple economics are a driving force in the U.S. leader’s use of tariffs.
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Asianet Newsable on MSNTrump Announces 20% Tariffs On PhilippinesIn a post on Truth Social, President Trump said these tariffs on the Philippines will kick in from August 1 and will cover all goods imported from the country.
On his Truth Social media platform, US President Donald Trump issues August 1 tariff notices to seven minor trading partners, including the Philippines
President Donald Trump sent out a slew of letters Wednesday to some global trading partners, advising them of tariff levels as high as 50% for their exports to the United States.
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Philstar.com on MSNPhilippines concerned over Trump's 20% tariff but says talks still ongoingAfter U.S. President Donald Trump slapped a 20% tariff on Philippine goods, President Ferdinand Marcos Jr.’s’ special assistant for economic affairs Frederick Go said that while the Philippines is concerned,
It is a Great Honor for me to send you this letter in that it demonstrates the strength and commitment of our Trading Relationship,” Trump began each of the letters.
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Adapting his “flood the zone” tactic to foreign trade, US President Donald Trump announced on Wednesday another flurry of take-it-or-leave-it letters imposing tariffs on Brazil and six smaller economies that have resisted him or are too small to merit individual negotiating attention.
Sweeping tariffs set to be imposed by President Donald Trump next month may cast a pall over his top diplomat's first official trip to Asia.