• 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

Turning protection gaps into growth opportunities for insurers

June 29, 2025

National Fiber Backbone phases 2, 3 targeted for...

June 29, 2025

BCDA building P360-M dorm for student-athletes in Clark

June 29, 2025

New SEC chairman expected to expedite capital market...

June 29, 2025

Six UK gin brands seek PHL distribution deals

June 29, 2025

National Gov’t gross borrowing declines nearly 26% in...

June 29, 2025

Century Pacific Food agrees to P1 reduction in...

June 29, 2025

New palay-buying rules ensure registered farmers benefit from...

June 29, 2025

CSP could be waived for first nuclear project

June 29, 2025

Gross savings climb by 16.7% in 2024 –...

June 27, 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

    • DOJ Charges 324 in Largest Healthcare Fraud Takedown in U.S. History — $14.6 BILLION Scheme Involved 96 Doctors, Nurses, and Pharmacists Targeting Medicare and Medicaid

      June 30, 2025
    • NEW: Border Czar Tom Homan Announces AOC Now Under Federal Investigation for Employing Illegal Alien on Her Staff and Helping Other Illegals Evade ICE (VIDEO)

      June 30, 2025
    • JUST IN: Trump DOJ Sues Los Angeles Mayor Karen Bass and City Council Over Its Sanctuary City Policy and Recent Anti-ICE Riots

      June 30, 2025
    • WATCH LIVE: White House Press Secretary Karoline Leavitt Delivers Briefing as Senate and House Push to Pass Big Beautiful Bill by July 4 – 1 PM ET

      June 30, 2025
    • Despicable: CNN Promotes a Dangerous Anti-ICE Crowdsourcing App as Immigration Officers Come Under Assault – Trump Admin Responds (VIDEO)

      June 30, 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