Effective August 1, a 20% tariff will be imposed by the United States on select products and services originating from the Philippines. According to Dr. Rivera on News5, this development could significantly impact the Philippine economy—potentially reducing the revenues of exporters and affecting employment in key sectors such as electronics, agriculture, and garments.
In a separate interview with CNA News Channel, Dr. Rivera highlighted the importance of targeted government support in light of the tariff hike. He noted that “the incentives would have to be well thought of and targeted to a particular segment of the semiconductor industry where productivity and competitiveness can be maximized, because there will always be a tradeoff.”
Watch his interviews on TV5 here: https://youtube.com/watch?v=GLykEz7bPow and on CNA here: https://youtu.be/kzKAbyvWGNo?si=oT5VICtJFUhtQ9Fe
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The United States announced a temporary universal 10% tariff, which took effect on April 5. Prior to the recent pause, the tariff imposed on Philippine products was at 17%. PIDS organized a forum to discuss the implications of this US tariff policy while it was still at that rate.
Watch the forum here: https://bit.ly/pidslive052625 Read the related study here: https://bit.ly/pidsdp2025-06
