Good results from PH-US trade talks hoped for
MALACANANG said on Monday that it hopes the visit to the US of Special Assistant to the President for Investment and Economic Affairs Secretary Frederick Go in early May will yield good results.
In a press briefing, Presidential Communications Undersecretary and Palace Press Officer Claire Castro said “we should always be hopeful dahil ang mundo natin at ang bansa natin ay hindi kulay itim.”
“Sa kasalukuyan po ay nagkakaroon ng meeting ng economic team, para po itong malamang na ilalahad sa kanilang pagpupulong sa darating na Mayo,” she said.
US President Donald Trump announced on April 2 the imposition of reciprocal tariffs which may affect Southeast Asian economies.
The Philippines was slapped with 17 percent tariff, although much lower levy compared to its Southeast Asian neighbors.
Trump later on announced a 90-day pause with a universal lowered reciprocal tariff of 10 percent.
Tariffs on goods from China however spiked to 145 percent. PCO
