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Philippines loses 30 billion pesos due to U.S. zero-tariff deal

According to the Philippine Commerce, according to the "Business World" report on September 17, the Philippine Customs General Administration warned on September 16 that if the U.S. demand for zero tariffs on U.S. automobiles, drugs, soybeans, etc., the annual tax will lose 27 billion to 30 billion pesos. At present, the Philippine faces 19% tariffs on U.S. export products, is negotiating on the scope of exemption; the finance minister previously estimated that "small exemption" will only be reduced to 6 billion pesos. while the Philippine debt has risen to 63.1% of GDP, scholars fear the financial rectification is hindered and impact agricultural employment.

Edited by: Liu DeBin



News raw data sources → https://news.sina.com.cn/w/2025-09-17/doc-infqvakm1558865.shtml

17WorldNews[2025.09.18-01:19] 访问:47
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