Philippines Will Seek to Lower US Tariff to 15%, Envoy Says
The Philippines plans to negotiate a reduction in the tariff imposed by the United States on its exports, according to the Philippine envoy to Washington. The current tariff stands at 19%, and the Philippine government aims to lower it to 15%. This move comes as the August 1st deadline set by President Donald Trump approaches. The Philippine government is seeking to address the tariff issue and maintain its trade relationship with the United States, one of its key economic partners. The negotiation efforts are part of the Philippines' strategy to mitigate the impact of the tariffs on its exports and ensure the continued growth of its trade with the US market.
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