DTI consults with Philippine exporters on US tariffs
The Department of Trade and Industry (DTI) on Wednesday said it had convened key export leaders in the country as part of initial efforts to gather insights and craft measures in response to the United States’ reciprocal tariffs.
The DTI said that Trade Secretary Ma. Cristina Roque and Economic Affairs Secretary Frederick Go jointly led the discussions held on Tuesday.
“The consultations brought together key stakeholders from various export sectors, including producers, manufacturers, consolidators, industry associations and government officials,” the DTI said in a statement.
Gathering info
“Participants exchanged views and insights on the current market dynamics in the US across various industries,” it added.
The DTI did not specify which measures would be implemented. It said the government and private sector will work together to position the Philippines as a reliable and trusted trading partner amid ongoing trade uncertainties.
Roque also said that this consultative process has enhanced mutual understanding and alignment on shared goals.
She reiterated their commitment to leading open dialogue and robust engagements with key stakeholders.
The DTI said this consultation is just one part of the consultations that they will conduct with inter-agency partners, importers, agriculture stakeholders and other relevant stakeholders.
On April 2, Trump announced the new 17 percent tariff on imports from the Philippines. This was scheduled to take effect last April 9.
However, Trump declared a temporary pause on the tariff implementation. This opened the door for further negotiations with affected countries, including the Philippines.
Malacañang said that Go will go to the US in early May to negotiate with US officials.
