Nomura expects ‘Trump tariff’ on PHL goods staying at 10%

THE US tariff on Philippine goods is likely to stay at the 10% “baseline” level after the Trump administration’s 90-day pause ends in July.

In its report released June 16, Nomura Global Markets Research said the current 10% baseline tariff rate may continue in countries such as Singapore and the Philippines.

It expects the US to charge Vietnam 24% and Thailand 20% tariffs, down from the original “reciprocal tariffs” announced on April 2 of 46% and 36%.