Philippines to discuss 20% tariff on exports with U.S., aiming for fairer trade terms.

The Philippine government will send a delegation to the U.S. next week to discuss and negotiate a recently imposed 20% tariff on Philippine exports, aiming to secure fairer trade terms and possibly a free trade agreement. The tariff, set to take effect in August, excludes key exports like semiconductors and electronics. Despite concerns over the impact, the Philippines remains committed to pursuing a comprehensive trade agreement with the U.S. while assessing the full economic effects of the new tariff.