Palace confident PH in good place with US on trade deal talks

Malacañang expressed confidence Tuesday that the Philippines is in a ''good place'' when it comes to trade negotiations with the United States. 

''Sa ating palagay opo dahil ang dalawang bansa naman po, ang Pilipinas at ang US, ay nagkaroon po ng pagkakasundo na magkakaroon po ng kooperasyon para sa economic development naman po ng Pilipinas,'' Palace Press Officer Undersecretary Atty. Claire Castro said in a briefing when asked if Manila is in a good place on the trade deal talks with Washington. 

(For me, yes because the two countries, the Philippines and the US, have agreed to cooperate when it comes to the economic development of the Philippines.) 

On Monday, US President Donald Trump began telling trade partners –from powerhouse suppliers like Japan and South Korea to minor players – that sharply higher US tariffs will start August 1, which marks a new phase in the trade war he launched earlier this year.

Philippine officials had met with US Trade Representative Jamieson Greer wherein they talked about “mutually beneficial ways to strengthen the bilateral relations” amid the 17% tariff rate imposed by Washington on Manila.

President Ferdinand ''Bongbong'' Marcos Jr. had expressed support over the ASEAN's non-retaliatory measures as regards the recent shifts in the United States' tariff policy.

Marcos said that the ''unexpected trade barriers'' could disrupt communities, supply chains, and the bloc's hard-earned progress. — Anna Felicia Bajo/RSJ, GMA Integrated News