Filipino President Says Deal Is Not Full Open Access
Philippines President Ferdinand "Bongbong" Marcos told reporters in Manila that the Philippines didn't agree to drop tariffs to zero on all U.S. goods, as the U.S. claimed. He said that the Philippines agreed to eliminate tariffs in particular markets the U.S. really cares about, like automobiles.
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
He said the nation also agreed to buy more soy products, wheat products and pharmaceuticals from U.S. producers.
"There's still a lot of details that need to be worked out on different exports and imports," he said.