The Department of Trade and Industry (DTI) expressed concern over the 20-percent tariff rate imposed by the administration of US President Donald Trump on Philippine products, representing an increase from the 17% announced in April.
“We are in receipt of the United States’ latest reciprocal tariff for the Philippines. We are concerned that, notwithstanding our efforts and constant engagements, the US still decided to impose a 20-percent tariff on Philippine exports,” the DTI said in a statement.
The department said, however, that the 20-percent rate is the second lowest among reciprocal tariffs the US has imposed on countries in ASEAN, next to Singapore’s 20 percent.
“More importantly, as a reliable and strategic economic partner of the US in the region, the Philippines remains committed to continuing negotiations in good faith to pursue a better and more comprehensive bilateral trade agreement,” the agency said.
The Philippine government said it recognizes the concerns of the United States regarding trade imbalances and its desire to strengthen domestic manufacturing.
“However, global supply chains are deeply interconnected, and unilateral trade impositions will have adverse effects to the global economy. Thus, we believe in the need for constructive engagement to address trade issues,” the DTI said.
The DTI said that in consultation with other government agencies, it would continue to actively engage with its US counterparts toward a balanced and mutually beneficial trade relationship.
A Philippine delegation is scheduled to hold discussions in the US next week, ahead of the tariff’s implementation on Aug. 1, 2025, it said.
“In light of this development, the Philippines remains steadfast in advancing key economic reforms to sustain a competitive and investor-friendly business environment, while broadening its trade partnerships to create more market opportunities,” the DTI said.
