PH Holds Competitive Edge Under US Tariff Scheme, Says Trade Chief Roque

MANILA – Despite the newly imposed 17% reciprocal tariff on Philippine goods entering the United States, Trade Secretary Maria Cristina Roque says the country remains in a favorable position compared to its regional neighbors.

Speaking on Super Radyo DZBB over the weekend, Roque emphasized that while the new tariff might seem steep, it’s significantly lower than those imposed on other Asian countries. For instance, Cambodia faces a 49% tariff, Laos 48%, Vietnam 46%, Thailand 47%, China 34%, India 27%, South Korea 26%, and Malaysia 24%.

“If you look at the full picture, we are still at an advantage,” she said, noting that these comparative rates present export opportunities—particularly for Philippine coconut products which could now gain ground in the U.S. market over Thai competitors.

Roque acknowledged that U.S. President Donald Trump’s announcement of the 17% tariff was met with concern but reiterated that it’s still “discounted” compared to what the Philippines imposes on U.S. imports (34%).

Still, she urged local exporters not to rely solely on the American market. “We shouldn’t put all our eggs in one basket,” she advised, stressing the importance of diversification in trade partnerships.

Finance Secretary Ralph Recto echoed optimism, saying the government is using the CREATE MORE Act to attract foreign investors. Special Assistant to the President for Investment and Economic Affairs Frederick Go also viewed the tariff changes as a potential boost rather than a setback for the economy.