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PHL loses tariff edge as US also sets 19% rate on 4 ASEAN members

3 August 2025
in Business
Reading Time: 4 mins read
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PHL loses tariff edge as US also sets 19% rate on 4 ASEAN members
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By Aubrey Rose A. Inosante, Reporter

THE PHILIPPINES may have lost its edge in the US market as the US imposed a similar 19% tariff on imports from Indonesia, Cambodia, Malaysia and Thailand, analysts said.

Analysts warned this may undermine the Philippines’ competitiveness as it erodes the margin of preference and limits opportunities for trade diversion.

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