The Philippines was not spared from US President Donald Trump’s “Liberation Day” announcement of his wave of sweeping “reciprocal tariff” policy—which would go into effect on April 9—across over 100 countries.
A poster on Trump’s Truth Social page showed that the Philippines’ goods entering America will be slapped with a 17% tariff—still a “discounted” reciprocal tariff compared to the 34% rate that Manila charges against goods coming from the US.
However, an annex attached to Trump’s statement posted on the White House’s website shows that the reciprocal tariff rate for the Philippines would be at 18%.
The Philippines’ tariff rate would be higher than the 10% baseline tariff on…