Trump, Philippines and 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.
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GMA Network on MSNTrump tariffs from 17% to 20%: Exporters to bear bruntUS President Donald Trump sent a letter to President Ferdinand “Bongbong” Marcos Jr. informing the latter that he is imposing a higher tariff rate of 20% on Philippine goods imported to America despite earlier negotiations to lower the initially announced duty of 17% in April.
On his Truth Social media platform, US President Donald Trump issues August 1 tariff notices to seven minor trading partners, including the Philippines
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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GMA Network on MSNPhilippines 'concerned' on Trump's 20% tariff despite negotiationsThe Philippine government was taken aback by US President Donald Trump’s decision to slap a higher 20% tariff rate on the country’s goods exported to America despite earlier efforts to haggle for lower duties for products imported from Manila.
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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,
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NDTV Profit on MSNTrump Tariffs: Philippines Among Six More Countries Hit With Levies Up To 30% — Check DetailsThe highest tariffs among these countries have been levied on Algeria, Iraq and Libya, with the three nations being hit with import levies of 30%. On Brunei and Moldova, Trump has slapped a tariff of 25%, whereas the imports from Philippines will draw a levy of 20%.
It shows that personal grudges rather than simple economics are a driving force in the U.S. leader’s use of tariffs.
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.