Latest news with #JoseManuelRomualdez
Free Malaysia Today
24-07-2025
- Business
- Free Malaysia Today
Philippines aims to further lower US tariff to 15%
Philippine President Ferdinand Marcos Jr (left) meets President Donald Trump in the Oval Office to discuss trade and strategic ties. (EPA Images pic) MANILA : The Philippines will aim to bring down the tariff imposed by the US to 15% from 19%, Manila's envoy to Washington said. 'The reason why we came down to the 19% is because that's only what – as President Trump pointed out, that is the base – but there is room for more improvement on the tariff,' Philippine Ambassador to the US Jose Manuel Romualdez said in an interview with Bloomberg Television's David Ingles and Yvonne Man. 'As he announced earlier today that the lower yield goes to 15% and so we are all hoping that we'll be able to bring it down to that level,' he said.
South China Morning Post
24-07-2025
- Business
- South China Morning Post
Philippines eyes further US tariff bargain with Trump, targeting 15%
The Philippines will aim to bring down the tariff imposed by the US on Philippine exports to 15 per cent from 19 per cent, Manila's envoy to Washington said, as the August 1 deadline set by President Donald Trump nears. Advertisement 'There is room for more improvement on the tariff,' Philippine Ambassador to the US Jose Manuel Romualdez said in an interview on Thursday. 'As he announced earlier today that the lower yield goes to 15 per cent and so we are all hoping that we'll be able to bring it down to that level,' Romualdez said, referring to Trump Trump announced the new levy on the Philippines on Tuesday after he met President Ferdinand Marcos Jnr at the White House. The US leader on the same day announced a 15 per cent tariff on Japan. The latest rate on the Philippines is marginally lower than the 20 per cent threatened by the Trump administration early this month, but higher than the 17 per cent announced in April. 'We still have time to negotiate this,' the envoy said, adding that details of the trade agreement still needs to be discussed. The slight reduction in the tariff for the Southeast Asian nation underlines the difficulty foreign leaders are facing in negotiating for a better trade deal with Trump. In announcing the agreement with Marcos on social media on Tuesday, the US president said the Philippines will open the market for US products and will not charge tariffs. Advertisement But Marcos later said the Philippines will only impose zero levy on certain products such as automobiles and will increase imports of soy and wheat products as well as pharmaceuticals from the US.
Bloomberg
24-07-2025
- Business
- Bloomberg
Philippine Ambassador to the US on Trade Deal
Philippine Ambassador to the US Jose Manuel Romualdez discusses his outlook after President Trump announced a trade deal with Philippine that will impose 19% tariff on imports. He speaks with David Ingles and Yvonne Man on "Bloomberg: the China Show." (Source: Bloomberg)
Bloomberg
24-07-2025
- Business
- Bloomberg
Philippines Will Seek to Lower US Tariff to 15%, Envoy Says
By and Cecilia Yap Updated on Save The Philippines will aim to bring down the tariff imposed by the US on Philippine exports to 15% from 19%, Manila's envoy to Washington said, as the Aug. 1 deadline set by President Donald Trump nears. 'There is room for more improvement on the tariff,' Philippine Ambassador to the US Jose Manuel Romualdez said in an interview with Bloomberg Television's David Ingles and Yvonne Man on Thursday. 'As he announced earlier today that the lower yield goes to 15% and so we are all hoping that we'll be able to bring it down to that level,' Romualdez said, referring to Trump.
Bloomberg
24-07-2025
- Business
- Bloomberg
Philippines Aims to Further Lower US Tariff to 15%, Envoy Says
The Philippines will aim to bring down the tariff imposed by the US to 15% from 19%, Manila's envoy to Washington said. 'The reason why we came down to the 19% is because that's only what — as President Trump pointed out, that is the base — but there is room for more improvement on the tariff,' Philippine Ambassador to the US Jose Manuel Romualdez said in an interview with Bloomberg Television's David Ingles and Yvonne Man.
