Core Viewpoint - The announcement by President Trump to increase tariffs on Philippine exports to the U.S. from 17% to 20% starting August 1, 2025, has shattered the hopes of Philippine President Marcos for U.S. support against China, highlighting the transactional nature of U.S. foreign policy [1][3]. Trade Relations - In 2024, the total value of U.S. imports from the Philippines was $14.178 billion, while exports were only $9.298 billion, resulting in a trade deficit of $4.9 billion for the Philippines [1]. - The Philippines has a high dependency on exports of agricultural products like bananas and coconut oil to the U.S., with over 60% of these exports at risk due to the new tariffs [3]. Economic Impact - The increase in tariffs is expected to raise costs for Philippine exporters, particularly affecting small and medium-sized enterprises with profit margins of only 5%-8% [6]. - The electronics manufacturing sector, which constitutes 35% of the Philippines' exports to the U.S., will face additional costs of $3 for every $100 exported due to the new tariff [6]. Diplomatic Relations - The Philippines attempted to negotiate with the U.S. to mitigate the impact of the tariffs by increasing imports of U.S. agricultural products and expanding exports of semiconductors and other goods [3]. - The U.S. has shown a double standard in its trade policies, as evidenced by a recent agreement with Vietnam to lower tariffs while imposing higher tariffs on the Philippines, despite the latter's smaller trade deficit [4]. Strategic Considerations - The U.S. appears to be using the tariff increase as a means to pressure the Philippines into greater military cooperation, potentially including the opening of more military bases and the deployment of intermediate-range missiles [3]. - The situation reflects a broader trend where countries that align closely with U.S. interests may find themselves at a disadvantage if they do not meet U.S. expectations [8].
特朗普重税落下,马科斯终于死心了,替美国卖命不会有好下场!
Sou Hu Cai Jing·2025-07-15 06:50