US tariff relief comes with new 10% levy

Philippine exporters welcomed a US Supreme Court decision striking down President Donald Trump’s “reciprocal” tariffs, calling it a major relief after months of steep levies had weighed on trade in 2025. “The invalidation of the previous 19-percent tariff provides much-needed legal relief to our members,” said Sergio Ortiz-Luis Jr., president of the Philippine Exporters Confederation,