Following recent high-level discussions, the United States has unveiled a new tariff policy, applying a 19 percent tariff on a broad range of imports originating from the Philippines. This move comes as part of a strategic agreement reached between former President Donald Trump and President Ferdinand Marcos, aimed at rebalancing trade relations and addressing longstanding economic imbalances. Officials emphasized that while the tariff aims to protect American industries, it also opens avenues for closer economic cooperation through negotiated terms tailored to benefit both nations.

Key highlights of the agreement include:

  • Tariff Implementation: Immediate application of 19% duty on select Philippine goods.
  • Trade Review Mechanism: Bi-annual consultations to assess economic impacts.
  • Enhanced Cooperation: Joint efforts to streamline customs and…