Now Reading: Philippines Declares Tariff Negotiations with U.S. ‘Not Finished’
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Philippines Declares Tariff Negotiations with U.S. ‘Not Finished’
The Philippine government announced on July 24, 2025, that tariff negotiations with the United States remain unresolved, following a series of talks initiated under the Trump administration’s renewed trade agenda.
Trade Secretary Alfredo Pascual stated that while progress has been made on reducing barriers for $5 billion in Philippine exports, such as electronics and agricultural goods, disagreements persist over U.S. demands for lower tariffs on steel and automotive imports. The negotiations, part of a broader Indo-Pacific strategy, aim to replace elements of the 2019 trade deal.
Pascual emphasized the need for mutual benefits, noting that Philippine tariffs protect local industries employing 1.2 million workers, a stance that has delayed consensus. U.S. officials have hinted at potential sanctions if talks stall, raising stakes amid a 10% trade deficit.
The narrative of ongoing dialogue masks underlying tensions, with some analysts suggesting the U.S. push reflects political posturing, while others see it as a genuine effort to reshape regional trade, leaving the outcome uncertain.
