PRESIDENT Donald Trump unveiled new tariffs Thursday on nearly 70 countries—including a blistering 35 percent on neighboring Canada—as he seeks to reshape global trade to benefit the US economy.
Meanwhile, the Philippine government is intensifying trade support and market expansion efforts for exporters, even as the United States temporarily extends the current 10 percent tariff on Philippine goods until August 7, 2025.
However, in a minor reprieve that opens the door to further negotiations, the White House said the measures will take effect in a week for most countries, not Friday as previously expected.
The tariffs are a demonstration of raw economic power that Trump sees putting US exporters in a stronger position while encouraging domestic manufacturing by keeping out foreign imports.
But the muscular approach has raised fears of inflation and other economic fallout in the world’s biggest economy.
Trump raised duties on nearly 70 economies, from a current 10 percent level imposed in April when he unleashed “reciprocal” tariffs citing unfair trade practices.
The new, steeper levels listed in an executive order vary by trading partner and go as high as 41 percent.
Any goods “transshipped” through other jurisdictions to avoid US duties would be hit with an additional 40-percent tariff, the order stated.
Trade Secretary Cristina Roque said the Department of Trade and Industry (DTI) is not relying solely on the temporary reprieve and is actively implementing measures to protect local exporters, particularly micro, small, and medium enterprises (MSMEs), from the impact of the expected 19 percent tariff hike.
“On the part of the Philippine government, we will continue with our talks with the US, and hopefully we can come up with a mutually beneficial deal the soonest possible time. In the meantime, we will continue to expand our trade network to provide more business opportunities and enhanced market access for our exporters,” Roque said.
She added that the DTI is prepared to help them access new markets, improve their product competitiveness, and explore opportunities locally and globally.
Among the interventions being implemented by the Department of Trade and Industry (DTI) is the mobilization of its foreign trade offices to identify new buyers and open market opportunities across Asia, Europe, and the Middle East.
These offices are working in coordination with embassies and trade attachés to fast-track connections for affected exporters.
In parallel, the DTI is intensifying trade missions and market-matching activities to help local businesses establish new export linkages.
At the sidelines of the 31st National Retail Conference and Expo 2025, Roque emphasized that the Department is expanding support programs focused on product development, standards compliance, and access to financing, ensuring that exporters can meet evolving international requirements and stay competitive in the global market.
She also cited the Philippines’ push to diversify trade through new and pending free trade agreements, including the CEPA with the UAE and ongoing negotiations with Israel and Chile.
The US tariff is scheduled to rise to 19 percent after August 7 unless a new agreement is reached.
Roque stressed that the DTI remains committed to helping Filipino exporters remain resilient and competitive regardless of the outcome.
The American leader separately hiked tariffs on Canadian goods from 25 percent to 35 percent—starting Friday.
He had warned of trade consequences for Canada after Prime Minister Mark Carney announced plans to recognize a Palestinian state at the UN General Assembly in September.
Trump’s order cited Canada’s failure to “cooperate in curbing the ongoing flood of fentanyl and other illicit drugs” as well as its “retaliation” against his measures.
Carney said his government was “disappointed” with the hike, citing its efforts to crack down on fentanyl and increase border security.
Trump gave more time to neighbor and major trading partner Mexico, delaying for 90 days a threat to increase tariffs from 25 percent to 30 percent, after holding talks with President Claudia Sheinbaum.
Exemptions remain, however, for a wide range of Canadian and Mexican goods entering the United States under a North American trade pact.
With questions hanging over the effectiveness of bilateral trade deals already struck—including with the European Union and Japan—the outcome of Trump’s overall plan remained uncertain.
“No doubt about it—the executive order and related agreements concluded over the past few months tears up the trade rule book that has governed international trade since World War II,” said Wendy Cutler, senior vice president of the Asia Society Policy Institute.
“Whether our partners can preserve it without the United States is an open question,” she added.
Beijing warned that US protectionism “harms the interests of all parties.”
“The Chinese side’s opposition to tariffs has been consistent and clear,” foreign ministry spokesman Guo Jiakun said, adding: “There is no winner in a tariff war or trade war.”
The elevated duties come after Washington twice postponed their implementation amid a frantic series of negotiations, alongside announcements of new duties and deals with partners.
The 79-year-old Republican has made tariffs core to his protectionist brand of hard-right politics. On Thursday, he claimed the US economy had “no chance of survival or success” without levies.
But the latest salvo came amid legal challenges against Trump’s use of emergency economic powers.
After a lower court said the president exceeded his authority, the US Court of Appeals heard arguments Thursday in cases against the blanket tariffs targeting different countries.
While the president has touted a surge in customs revenues this year, economists warn the duties could fuel inflation.
Proponents of his policy argue their impact will be one-off, but analysts are awaiting further data to gauge for more persistent effects.
rcent, but its President Lai Ching-te vowed to seek an even lower level.
In Southeast Asia, Phnom Penh and Bangkok welcomed news that they each face a 19-percent tariff—down from initial threatened levels of 49 percent in Cambodia and 36 percent in Thailand.
Britain also reached a pact with the United States, although it was not originally targeted by higher “reciprocal” tariffs.
Notably excluded from the drama was China, which faces an August 12 deadline instead, when duties could bounce back to higher levels. With AFP
Washington and Beijing at one point brought tit-for-tat tariffs to triple-digit levels, but both countries have agreed to temporarily lower these duties and are working to extend their truce. With AFP
Those who managed to strike deals with Washington to avert steeper threatened levies included Vietnam, Japan, Indonesia, the Philippines, South Korea and the European Union.Among other tariff levels adjusted in Trump’s latest order, Switzerland now faces a higher 39 percent duty. The tariff on Taiwanese products was revised down to 20 percent from 32 pe
