top of page

Philippines

US Revised Tariffs (%)

10

Ease of doing business

theboardiQ Tariffs Dashboard:

Powering Mutually Beneficial Global Trade.

 

Understand the complexities of international tariffs and ease of doing business across nations to cultivate balanced trade relationships, streamline operations, and deliver cost savings to end consumers.

david-whipple-mU-wz7JlJMc-unsplash_Ravid.jpg
Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
17
10
1.8
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
9.3
14.18
-4.88

US Revised Tariffs

Country Tariffs

Balance of Trade

Commercial Guide

Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals

Tariff Rate for US

World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.

US Imports Guide 

United States Imports from Countries during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Countries- data, historical chart and statistics - was last updated on April of 2025.

Implications

As of Sunday, April 20, 2025, here's the latest update on tariffs involving the Philippines: United States Tariffs on Goods from the Philippines: Baseline Tariff: A 10% tariff is in effect on imports from the Philippines, as part of the baseline tariff applied to nearly all countries by the United States, effective April 5, 2025. "Reciprocal Tariff": The United States had announced a higher, country-specific "reciprocal tariff" of 17% (or 18% according to some sources) on goods from the Philippines, scheduled to take effect on April 9, 2025. This was based on the U.S. assessment that the Philippines charges an average duty of 34% on U.S. imports.   90-Day Pause: However, the implementation of this additional 17% (or 18%) reciprocal tariff has been delayed for 90 days, starting from April 9, 2025. This means that for the time being, the tariff rate on most goods from the Philippines entering the U.S. is the baseline 10%. Rationale: The delay was part of a broader 90-day pause on increased reciprocal tariffs for most countries, announced by the U.S. administration to assess market reactions and engage in potential trade talks.   Potential Future Increase: Unless there are changes in policy or trade agreements within the 90-day period, the tariff rate on Philippine goods entering the U.S. could potentially increase to 17% or 18% around early July 2025. Exemptions: Some specific products might be exempt from these tariffs. For instance, reports indicated that copper ores, integrated circuits, pharmaceuticals, and gold were initially considered exempt from the reciprocal tariffs. Philippines' Response and Potential Actions: The Philippines has expressed its intention to respond to the U.S. tariffs and is reportedly preparing plans.   There's an openness from the Philippines to potentially reduce tariffs on U.S. imports as a way to negotiate a trade deal with the United States.   The Philippines is also engaging with other ASEAN nations to discuss the impact of the U.S. tariffs and explore collective responses.   The Philippine government is prioritizing a potential free trade agreement (FTA) with the United States to secure long-term protection for its exports from abrupt policy changes.   Impact and Considerations: The initial announcement of the 17% (or 18%) tariff raised concerns among Philippine exporters, particularly in sectors like electronics, garments, and agri-based goods, as it would make their products more expensive in the U.S. market.   Some analysts believe that the relatively lower tariff imposed on the Philippines compared to some of its Southeast Asian neighbors (like Vietnam, Thailand, and Indonesia) could potentially lead to trade diversion, benefiting the Philippines as it becomes a more competitive supplier to the U.S. market.   The uncertainty surrounding the future of these tariffs and the potential for a trade agreement creates a dynamic situation for businesses involved in trade between the two countries. For specific tariff rates on particular goods: The Philippine Tariff Finder is a useful online resource provided by the Tariff Commission of the Philippines.   The Harmonized System (HS) code for a specific product is needed to determine the exact applicable tariff rate.   It's crucial to monitor official announcements from both the U.S. and Philippine trade authorities for any further updates or changes to the tariff situation.

US Negotiation Strategy

Based on the most recent data (2024), the top imports to the US from the Philippines by value are: Electrical, electronic equipment ($6.29 Billion) - This includes items like insulated wire, office machine parts, and integrated circuits. Machinery, nuclear reactors, boilers ($3.21 Billion) - This is a broad category including various industrial and specialized machinery. Animal, vegetable fats and oils, cleavage products ($647.39 Million) - Primarily coconut oil. Articles of leather, animal gut, harness, travel goods ($532.92 Million). Optical, photo, technical, medical apparatus ($501.03 Million). Here's a look at which states in the US can manufacture similar products, along with some example companies: Electrical, Electronic Equipment: California: A major hub for technology and electronics manufacturing, especially in Silicon Valley. Examples: Intel, Apple (design and some manufacturing), Texas Instruments, NVIDIA. Texas: Has a growing technology and electronics manufacturing sector. Examples: Dell, Samsung (semiconductor manufacturing in Austin). Massachusetts: Strong in electronics and high-tech manufacturing. Examples: Analog Devices, Raytheon Technologies (defense electronics).   North Carolina: Growing in electronics manufacturing. Examples: Corning (fiber optics), Siemens Energy (electrical equipment).     Machinery, Nuclear Reactors, Boilers: Illinois: Known for manufacturing industrial machinery. Examples: Caterpillar, John Deere (agricultural machinery). Ohio: Has a diverse manufacturing sector, including machinery. Examples: General Electric (power generation equipment), Lincoln Electric (welding equipment). Wisconsin: Has a strong manufacturing base in various types of machinery. Examples: Kohler (engines, power systems), Rockwell Automation (industrial automation). Michigan: While known for vehicles, it also manufactures industrial machinery. Examples: Flowserve (pumps, valves, seals).   Animal, Vegetable Fats and Oils, Cleavage Products (Coconut Oil):   While the US does not have a climate suitable for large-scale coconut plantations, some companies in various states process and refine vegetable oils, which could include coconut oil imported in raw form. Examples: Archer Daniels Midland (ADM) (various locations), Cargill (various locations), Bunge (various locations). These companies handle a wide range of agricultural commodities and their derivatives. Articles of Leather, Animal Gut, Harness, Travel Goods: Texas: Has a history of leather production, particularly related to the ranching industry. Examples: Tandy Leather Factory. Missouri: Known for shoe manufacturing and leather goods. Examples: Caleres (owns various footwear brands). New York: Has some manufacturing of high-end leather goods. Examples: Coach (some limited US manufacturing). Optical, Photo, Technical, Medical Apparatus: Massachusetts: A hub for medical device manufacturing and research. Examples: Boston Scientific, Medtronic (has operations in MA), Stryker (has operations in MA). California: Strong in medical devices and biotechnology. Examples: Abbott (has operations in CA), Johnson & Johnson (has operations in CA). Minnesota: Known as "Medical Alley" due to its concentration of medical device companies. Examples: Medtronic (headquarters), 3M (health care products).   It's important to note that while these states and companies have the capability to manufacture similar types of goods, the specific products, scale of production, and specialization may differ from those imported from the Philippines. Additionally, global supply chains often involve components and sub-assemblies being produced in various countries.

Investing in USA

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters

​

Sources : Forbes | USDA Economic Research | TCGen Total Innovation Rank Index | Best States for Manufacturing | World Population Review | Tax Foundation | US News | BEA Data | Wikipedia | International Trade Administration

​

theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance. It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output, and examine the health of key sectors like agriculture and manufacturing. The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions. The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally. North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables. Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment Florida holds the 4th ranking nationally for GDP and Tax Washington State scores the top spot for disposable income nationally, 2nd for education and 3rd for innovation. Colorado, with an overall rank of 7 scores the top spot for Education (schools and higher education). Nebraska, that ranked 10th overall, did well in Agriculture where it is ranked 3rd nationally as well as Trade Balance where it ranked 5th. Illinois, though ranked 20th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income. Pennsylvania comes in at 21 overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th) New York scores 23rd overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP. California comes in at 29th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Employment resulted in the overall ranking dipping. Wyoming at 30th overall scores the top spot nationally in the area of Tax Massachusetts at 31 overall does well in innovation where it is ranked 2nd nationally Arkansas at 36 and Alabama at 39, do well in overall Cost of Living where they are ranked 2nd and 3rd nationally, respectively. Louisiana ranked 44th overall is ranked 1st in Trade Balance nationally.

theboardiQ Logo

Economic
Relevance
Ranking

Get Great Talent. Subscribe.

Thanks for subscribing!

Info@theboardiq.com

265 Garnet Dr 

Livermore, CA 94550

  • Youtube
  • LinkedIn
  • X
  • Facebook
bottom of page