Rating the Philippines’ new 19% tariff: ‘significant’ win or ‘worst insult’?

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A new trade deal hailed by Philippine President Ferdinand Marcos Jnr as a “significant achievement” has been slammed by critics at home as the “worst insult” after Manila secured only a one percentage point tariff cut from Washington while granting American goods duty-free access.
Marcos, the first Southeast Asian leader to be hosted by President Donald Trump since his return to the White House, visited the US capital from Sunday to Tuesday for a series of talks centred on trade and…

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