• World News
  • Politics
  • Economy
  • Stock
  • Editor’s Pick
Global Trading Markets
EconomyEditor's Pick

Intra-regional trade seen shielding PHL ports from worst of US tariffs 

by May 6, 2025
May 6, 2025

PHILIPPINE PORTS will not feel the worst of the US tariff disruptions because of healthy intra-regional trade, according to S&P Global Ratings.

“Most of the ports in Asia actually are quite diversified. So yes, trade with the US is a big component, but that is not the only counterpart to deal with. There is a lot of intra-regional trade,” S&P Global Ratings Managing Director Christopher Yip said on the Money Talks with Cathy Yang program on One News on Tuesday. 

According to Mr. Yip, it is too early to assess the impact of the tariffs imposed by US President Donald J. Trump as most shipping lines are still adjusting to these changes.

“Everyone is looking at the uncertainty… the shipping lines are basically still adjusting to that. So some ships are still continuing, the routes have been planned. It will take time for a new equilibrium to be established,” he said.

“It really depends on the negotiations between China and the US. And also what will happen to the 90-day pause for the tariffs for the rest of the countries,” Mr. Yip said.

Mr. Trump has imposed a system of reciprocal tariffs, initially set at about half the tariffs charged by trading partners on incoming US goods. The markets deemed most liberal in accepting US goods have been assigned a “baseline” tariff of 10%.

The reciprocal tariffs imposed in early April have since been suspended for 90 days, with most trading partners being charged the 10% “baseline” tariff.

The Philippines, which had been assigned a 17% baseline tariff, dispatched a negotiating team to Washington last week to seek more favorable terms.

Philippine Ports Authority General Manager Jay Daniel R. Santiago said last week that it is expecting little to no impact on the shipping industry from the US tariffs.

International Container Terminal Services, Inc. said its global operations are unlikely to be affected by the new US tariffs, though its Mexico unit might be affected disproportionately. — Ashley Erika O. Jose

previous post
PHL retreats four places in Human Dev’t Index ranking
next post
April rice stocks rise 45.3% month on month

You may also like

German startup keen on tackling e-waste in developing...

June 5, 2025

Solar, energy-efficiency program for schools, gov’t hospitals to...

June 5, 2025

Food and beverage tops list of leading FMCG...

June 5, 2025

ADB to fund four PHL RE, energy-efficiency projects

June 5, 2025

PEZA sees Chinese interest in locating, expanding in...

June 5, 2025

PHL offers ‘denuded’ forest land to investors

June 5, 2025

Gov’t ‘satisfied’ with progress of trade negotiations with...

June 5, 2025

La Union court rejects claim on Poro Point...

June 5, 2025

CAB seeking to expand India air service agreement

June 5, 2025

Gov’t-funded vessel to bring fish buyers to WPS...

June 5, 2025

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Musk Deletes X Post Accusing Trump of Epstein Ties, Deletes Another Calling for Impeachment

      June 7, 2025
    • Leftists in Complete Meltdown After Trump Appoints 22-Year-Old ‘Former Gardener and Grocery Clerk’ to Spearhead U.S. Terror Prevention

      June 7, 2025
    • EXPOSED: The REAL Reasons Trump Hit China with Massive Tariffs – And Why Xi’s Regime Is Desperate

      June 7, 2025
    • WATCH: Anti-ICE Protester in LA Partially Run Over While Blocking Moving ICE Vehicle

      June 7, 2025
    • Who Actually Gave Elon Musk a Black Eye? Patrick Bet David Has a Theory (VIDEO)

      June 7, 2025
    Footer Logo
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 GlobalTradingMarkets.com All Rights Reserved.

    Global Trading Markets
    • World News
    • Politics
    • Economy
    • Stock
    • Editor’s Pick