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METRO MANILA, PHILIPPINES, JUL 20 – The Philippines aims to lower tariffs on select US goods to zero to encourage reciprocal tariff reductions by the US, where Filipino exports to America reached $12 billion in 2024.

Summary by NBC Chicago
Commerce Secretary Howard Lutnick said that countries can still negotiate with the U.S. after Aug. 1, but that is the deadline for countries to begin paying so-called reciprocal tariffs. Lutnick also suggested smaller nations would likely have a baseline tariff of 10%. “The bigger economies will either open themselves up or they’ll pay a fair tariff to America,” Lutnick said. Commerce Secretary Howard Lutnick said Sunday that Aug. 1 is the deadl…

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NBC Chicago broke the news in Chicago, United States on Sunday, July 20, 2025.
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