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Philippines negotiating to lower or eliminate US tariffs on its exports, including food and electronics.
Finance Secretary Ralph Recto says the Philippines is negotiating to reduce the 20% US tariff on its exports, set to take effect on Aug 1.
The country plans to push for zero tariffs on certain items like agricultural goods and electronics during President Marcos' July 22 meeting with Trump.
The Philippines is also considering zero tariffs on US imports as part of its negotiation strategy, aiming to maintain a zero tariff on key exports like semiconductors.
Despite criticism, Recto is confident in the country's trade relationship with the US to secure better terms.
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Filipinas negocia para reducir o eliminar los aranceles estadounidenses a sus exportaciones, incluidos alimentos y productos electrónicos.