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Philippines may negotiate US tariffs down to 10% — BMI - BusinessWorld Online

PHILIPPINES, JUL 18 – The Philippines aims to reduce US tariffs from 20% to 10% by offering increased defense spending, leveraging trade and military ties, BMI research shows.

Summary by bworldonline.com
By Luisa Maria Jacinta C. Jocson, Senior Reporter THE PHILIPPINES has room to negotiate with the US to bring down its reciprocal tariff to as low as 10% using defense concessions as a key bargaining chip, according to Fitch Solutions’ research unit BMI. “While [former US President Donald J.] Trump has raised the rate from 17% to 20% for no explicit reason, the Philippines still faces some of the lowest tariffs in Asia,” Darren Tay, head of Asia …

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bworldonline.com broke the news in on Thursday, July 17, 2025.
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