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Handbags and cameras hit as Trump tariffs target consumers

The Trump administration’s promise to keep consumer products out of the trade war -- so shoppers wouldn’t take a hit -- may be falling...

Trade gap widens as exports decline for fifth straight month

Exports declined for the fifth straight month in May while imports grew by double-digits, reported the Philippine Statistics Authority Tuesday morning. Exports declined by 3.8%...

China’s tariff response takes effect after Trump ignites trade war

President Donald Trump threatened to impose tariffs on every single Chinese import into America as the world’s two largest economies exchanged the first blows...

Goldman says buy commodities as trade war concerns overblown

Commodity bull Goldman Sachs Group Inc. has poured cold water on the notion that a trade war between the U.S. and China represents a...

China says US tariffs to backfire, damaging the whole world

The US imposition of tariffs on $34 billion of China’s exports will not only hurt China, but the US itself and the rest of...

Zamboanga-Kalimantan sea transport service being considered

DAVAO CITY — A sea transport service linking Kalimantan and Zamboanga is being eyed to boost trade and tourism between Indonesia and the Philippines, according to Indonesian Consul General Berlian Napitupulu.

Goldman, Citi hunker down as trade war hits emerging markets

Some of the world’s largest money managers soured on emerging markets as compounding trade threats deepened the worst monthly rout for developing currencies since...

BSP banks on BPO, tourism for trade boost

REVENUES from business process outsourcing (BPO) and tourism will buoy the country’s external trade balance this year as these industries are expected to grow by a tenth, the central bank said.

Top domestically-traded commodities in the Philippines (as of Q1 2018)

By Jochebed B. Gonzales, Senior Researcher Government data showed that the total value of domestic trade increased 6.1% to P174.88 billion in the first quarter...

Where does the Philippines sell most of its exported goods?

By Carmina Angelica V. Olano, Researcher US, Hong Kong and Japan continued to be the Philippines' top export destinations, accounting for 45% of total exports in...

Steel drops most since March as metals tumble on trade war...

Steel and iron ore plunged the most since March on escalating fears over a global trade war as China vowed to retaliate after President...

China accuses Trump of ‘blackmail’ after new tariffs threat

Beijing, China -- Beijing on Tuesday accused Donald Trump of "blackmail" and warned it would retaliate in kind after the US president threatened to...

Duterte: You cannot scare China

By Arjay L. Balinbin, Reporter President Rodrigo R. Duterte on Monday, June 18, defended the People’s Republic of China amid criticisms arising from the South...

Germany says `isolationist’ Trump opens global power vacuum

German Foreign Minister Heiko Maas called on the European Union to unite and fill the void left by the U.S. drawback from global agreements...

Malaysia’s Mahathir says growing economies need trade protection

TOKYO -- Growing nations like Malaysia need different trade protections and, while Kuala Lumpur is not against trade pacts such as the Trans Pacific Partnership, the TPP must be renegotiated, Malaysian Prime Minister Mahathir Mohamad said on Monday.

Trade remains a drag in April as exports drop to lowest...

THE country’s trade deficit expanded in April on account of declining merchandise exports and a double-digit surge in inbound shipments, the government reported on Friday.

Trade gap widens as exports drop to its lowest in almost...

The Philippines' trade deficit expanded in April as imports grew by double-digits while exports contracted for the fourth straight month, the Philippine Statistics Authority...

Asia sees China and United States as threats to rules-based order

LONDON -- For many US allies, Secretary of Defense James Mattis is the last of the Trump administration’s so-called grown-ups in the room.

Philippines, South Korea sign five bilateral deals

By Arjay L. Balinbin, Reporter The governments of the Philippines and South Korea on Monday, June 4, marked their long-standing friendship by forging at least...

Canada hits US with billions in retaliatory tariffs in steel row

Ottawa, Canada — Canada hit back at steep US tariffs on aluminum and steel on Thursday, announcing retaliatory duties on up to Can$16.6 billion (US$12.8...

Canada defense minister calls Trump tariff action `insulting’

Canada’s top defense official said the Trump administration’s decision to levy tariffs against the country’s steel on national security grounds was “absurd,” but wouldn’t...

World on brink of trade war as US slaps tariffs on...

Paris -- The world's largest economies stood on the brink of all-out trade war as the EU, Canada and Mexico drew up retaliatory measures...

DA to ask South Korea for lower export tariffs

THE Department of Agriculture (DA) is seeking little to no tariffs for agricultural exports to South Korea through a preferential trade agreement (PTA) expected...

CITEM targets $150 million in IFEX sales

THE CENTER for International Trade Expositions and Missions (CITEM) is targeting a “conservative” $150 million in sales during the 12th International Food Expo (IFEX). Trade...

China is said to plan tariff cut on wide range of...

China is planning to reduce import duties on consumer goods ranging from food to cosmetics, people familiar with the matter said. The tariff cuts, which...

Get ready for annual US-China trade wars, Credit Suisse says

Same time next year? Anyone breathing a sigh of relief on Monday may have to get used to featuring China-U.S. trade wars in their...

Trump dampens chances of trade deal with China

Washington -- US and Chinese officials will hold further trade talks in Washington on Friday, the White House said, after President Donald Trump discounted...

China hails Trump’s ZTE olive branch ahead of trade talks

Beijing -- China on Monday hailed President Donald Trump's offer to prevent Chinese telecom giant ZTE from collapsing due to a US technology ban,...

Weak trade data add to growth risks

By Mark T. Amoguis Researcher THE Philippine economy -- whose first-quarter performance will be reported today -- could not rely on trade as sales abroad of...

Exports down, imports flat in March – PSA

The Philippines’ trade deficit once again widened in March as exports slumped while imports barely grew, the government reported this morning. Preliminary data from the...

Critical US-China trade talks end in Beijing

Beijing -- China and the US ended the second day of high-stakes trade talks Friday with "big differences", Beijing said, leaving the world's two...

S&P hikes 2018 growth forecast for PHL to 6.7%

S&P Global Ratings has bumped up its growth forecast for the Philippines inspired by bets that consumption will pick up further this year, enough...

A bustling and thriving sector

By Bjorn Biel M. Beltran, Special Features Writer As a country of over 7,000 islands surrounded on all sides by waters, it’s no wonder that the...

Improving the local logistics industry

Logistics is defined as the integration of transport, warehousing, freight forwarding and information services. Along with competitiveness of products and services, efficient logistics services...

Emerging markets have had a good run; things may get bumpier

Emerging markets have weathered this year’s market volatility just fine so far. But some investors are using this as an opportunity to get a...

SBMA extends free accreditation program

THE SUBIC BAY Metropolitan Authority (SBMA) is extending its free accreditation initiative for container-port business until the end of 2018. In a statement released on...

Trade gap grows as exports drop

MERCHANDISE EXPORTS in February fell for the first time in 15 months while imports continued to grow by double digits leading to a wider...

Trade deficit continues to widen in February

The Philippines' trade deficit once again expanded in February as imports grew by double-digits while exports contracted during the month, the Philippine Statistics Authority...

China’s Xi pledges greater openness amid Trump trade dispute

Chinese President Xi Jinping reiterated pledges to open sectors from banking to auto manufacturing in a speech that also warned against returning to a...

What to watch in commodities: aluminum, Trump Vs Xi, copper, soy

We live in interesting times. Just as investors weigh up the U.S.-China trade punch-up, markets need to adjust to a whole new front. U.S....

Duterte, Xi to discuss enhancing ties at Boao forum — official

President Rodrigo R. Duterte will hold bilateral talks with Chinese President Xi Jinping on the sidelines of the BOAO forum in China, foreign affairs...

Trump, Xi wait to see who blinks first as trade fight...

The leaders of the world’s two biggest economies are waiting to see who backs down after firing the opening shots in a trade war. U.S....

China’s counterpunch to Trump’s tariffs sparks global selloff

Tit-for-tat tariff threats from the U.S. and China ignited fears that a trade war was beginning between the world’s two largest economies, sending U.S....

China urges more trade talks as tariffs on US goods begin

China urged trade talks with the U.S. to prevent greater damage to relations while saying that previously announced retaliatory measures on American imports took...

China still considering curbs on US soybean imports, association says

BEIJING -- China is still considering import curbs on US soybeans in retaliation for moves by Washington to impose trade tariffs, US Soybean Export...