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Traveled to US to negotiate reduction of the U.S. tariff rate on Philippine goods from 20 percent to 19 percent.

Ferdinand Romualdez Marcos Jr.President of the PhilippinesJul 23, 2025

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Description

The revised tariff rates placed the Philippines among the most competitively positioned Southeast Asian economies trading with the United States. Currently, the Philippines holds the second-lowest tariff rate in the region at 19 percent, with Singapore, which has a bilateral Free Trade Agreement (FTA) with the U.S., maintaining the lowest at 10 percent. U.S. tariffs for other Association of Southeast Asian Nations (ASEAN) countries range between 19 percent to 49 percent.

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Quality Score: 20/100

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Details
DateJul 23, 2025
JurisdictionPhilippines
Verification
SubmittedMar 30, 2026
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