The Department of Trade and Industry (DTI) is stepping up support for Philippine exporters as the full impact of the US’s 19-percent reciprocal tariff, effective August 7, is expected to show in export data starting August.
Trade Secretary Cristina Roque said exporters accelerated shipments before the tariff took effect to lessen its immediate impact.
The US remains the Philippines’ top export market, accounting for 16 percent of exports in July.
To help exporters cope, the DTI is facilitating business matching, easing export procedures, and encouraging market diversification into Europe, ASEAN, and the Middle East.
Additionally, the agency plans to introduce a loan facility this year through Small Business Corp. to assist exporters affected by the tariff.
Source: PhilNews24 | September 7, 2025
