Recto: Cutting Tariffs on U.S. Goods a “Possibility” Amid Trump’s Reciprocal Tariff Move

MANILA, Philippines – Finance Secretary Ralph Recto said on Wednesday that lowering tariffs on U.S. imports is a “possibility” as the Philippine government weighs its response to the reciprocal tariffs imposed by U.S. President Donald Trump.

Trump recently announced a 17% tariff on Philippine goods—a rate lower than what the U.S. applied to other Asian countries, including Cambodia (49%), Vietnam (46%), and China (34%). By comparison, the Philippines currently imposes a 34% tariff on U.S. imports.

Recto emphasized that if the U.S. shows willingness to reduce tariffs, the Philippines may reciprocate. “We can reduce tariffs if the U.S. will also reduce tariffs and reciprocate,” he stated.

Frederick Go, Special Assistant to the President for Investment and Economic Affairs, confirmed that the economic team had already met to discuss the country’s strategy. Meanwhile, Trade Secretary Maria Cristina Roque noted the Philippines’ relatively lower tariff rate as a possible edge in attracting foreign manufacturers seeking access to the U.S. market.

Recto added that the country’s large consumer market—projected to be the 13th largest globally by 2030—is another key incentive for investors. The administration is also banking on the CREATE MORE Act to encourage more businesses to set up operations in the country.

The Philippine government is looking to maximize opportunities by promoting free trade agreements, reducing tariffs strategically, and positioning itself as an investment hub amid global trade tensions.