trade - updates

Rappler's latest stories on trade

ARTICLE FINDER

OECD cuts global growth forecast as U.S.-China tensions rise

May 21, 2019 - 10:00 PM

OECD Secretary General Angel Gurria says there is 'an urgent need' for Washington and Beijing to bury their differences

Angel Gurria, General Secretary of the Organisation for Economic Co-operation and Development (OECD), gestures as he presents the OECD Economic Outlook at the OECD headquarters in Paris on May 21, 2019. - Global trade tensions and political uncertainty are weighing on the world's economy, the OECD warned on May 21, 2019, cutting its global growth forecast for this year to 3.3 percent, down from the 3.5 percent it predicted in November. (Photo by ERIC PIERMONT / AFP)

Beijing denounces U.S. warship sail-by in South China Sea

May 20, 2019 - 11:58 PM

The People's Liberation Army has organized air and naval forces to warn the USS Preble to leave after it entered waters near China-claimed Scarborough Shoal on Monday morning, May 20

USS PREBLE. This file photo released by the US Navy Visual News Service on March 14, 2011 shows an HH-60H Sea Hawk helicopter lifts off March 13, 2011 from the guided-missile destroyer USS Preble (DDG 88) after refueling. File photo by MC3 Alexander Tidd/Navy Visual News Service (NVNS)/AFP

Chipmakers follow Google's lead in Huawei ban

May 20, 2019 - 7:31 PM

From Intel to Qualcomm, a number of chipmakers from the US, as well as some from Europe, are refraining from supplying Huawei until further notice

PLDT, Globe say Huawei will keep its devices updated despite trade ban

May 20, 2019 - 6:16 PM

(UPDATED) PLDT says current products 'will continue to function normally' on the PLDT-Smart network, while Globe says the current situation 'will not impact its network services'

HUAWEI IN THE PHILIPPINE SCENE. In this file photo taken on April 29, 2019 A picture shows the Huawei logo and signage at their main UK offices in Reading, west of London, on April 29, 2019. Photo by Adrian Dennis/AFP

Canada aims to ratify trade deal after lifting of tariffs

May 19, 2019 - 9:28 AM

But Canadian Foreign Affairs Minister Chrystia Freeland says it would be 'naive' to think US protectionism is no longer a threat

TRADE WAR. Steel is loaded onto a truck for shipping at the NLMK Indiana steel mill on March 15, 2018 in Portage, Indiana. Photo by Scott Olson/Getty Images North America/AFP

Trump delays decision on auto tariffs for up to 6 months

May 17, 2019 - 9:55 PM

'Within 180 days...the Trade Representative shall update me on the outcome of the negotiations,' President Donald Trump says in a proclamation issued by the White House

DELAY. In this file photo taken on February 15, 2019 US President Donald Trump gestures as he delivers remarks in the Rose Garden at the White House in Washington, DC. Photo by Brendan Smialowski/AFP

Trump ramps up battle against Huawei

May 16, 2019 - 3:15 PM

'Restricting Huawei from doing business in the US will not make the US more secure or stronger; instead, this will only serve to limit the US to inferior yet more expensive alternatives,' says Huawei in a statement


U.S. nears metal tariffs deal with Canada, Mexico

May 16, 2019 - 12:05 PM

'I think we are close to an understanding with Mexico and Canada,' says US Treasury Secretary Steven Mnuchin

TRADE WAR. Steel is loaded onto a truck for shipping at the NLMK Indiana steel mill on March 15, 2018 in Portage, Indiana. Photo by Scott Olson / Getty Images North America / AFP

Trump plans to delay auto tariffs for 6 months – industry sources

May 15, 2019 - 11:45 PM

New tariffs risk exploding already tense trade relations with Washington's major trading partners, who are angry about punitive duties on steel and aluminum imposed last year

US TARIFFS. In this file photo, US President Donald Trump delivers remarks at the International Union of Operating Engineers International Training and Education Center in Crosby, Texas, on April 10, 2019. File photo by Jim Watson/AFP

Trump, Xi could meet next month on trade – White House aide

May 12, 2019 - 10:23 PM

White House economic advisor Larry Kudlow says the chances of Donald Trump and Xi Jinping meeting during the Group of 20 summit in Japan in late June 'are probably pretty good'

SHAKING HANDS. US President Donald Trump (L) shakes hands with China's President Xi Jinping at the end of a press conference at the Great Hall of the People in Beijing on November 9, 2017. Photo by Fred Dufour/AFP

Trump to China: Trade deal now or it will be 'far worse' after 2020

May 12, 2019 - 12:20 PM

'Would be wise for them (China) to act now,' United States President Donald Trump says in a tweet

Photo from ShutterStock

Trump orders tariff hike on remaining Chinese imports

May 11, 2019 - 11:53 PM

The developments comes as two days of talks to resolve the trade battle ended with no deal, but no immediate breakdown either

TRUMP. In this file photo, US President Donald Trump delivers the State of the Union address at the US Capitol in Washington, DC, on February 5, 2019. Photo by Doug Mills/Pool/AFP

U.S.-China trade talks resume; Trump says deal still 'possible'

May 10, 2019 - 7:30 AM

US and Chinese representatives return to the bargaining table amid a sudden flare-up in hostilities, while President Donald Trump is still hopeful of salvaging a trade deal

Chinese Vice Premier Liu He waves as he leaves the Office of the United States Trade Representative after tariff negotiations in Washington DC on May 9, 2019. (Photo by ANDREW CABALLERO-REYNOLDS / AFP)

DTI calls for suspension of alleged Chinese-only food park in Las Piñas

May 09, 2019 - 9:00 PM

The Department of Trade and Industry conducts a surprise inspection of China Food City and finds that the stalls there lack proper permits

The Department of Trade and Industry conducted a surprise inspection on an alleged Chinese-only food park in Las Piñas. Photo from DTI

Weak demand, U.S.-China trade war hamper Philippines' top export

May 09, 2019 - 2:25 PM

Exports of electronics and electronic parts decline in March 2019 partly due to poor demand, which is seen to continue for the rest of the year

IMF chief says U.S.-China tensions 'threat' to world economy

May 07, 2019 - 8:50 PM

International Monetary Fund Managing Director Christine Lagarde also says recent 'rumors and tweets' make an agreement between the United States and China less likely

IMF Managing Director Christine Lagarde addresses the Paris Forum at the Economy Ministry in Paris on May 7, 2019. (Photo by ERIC PIERMONT / AFP)

DTI defends higher SRPs for some goods

May 07, 2019 - 7:05 PM

The Department of Trade and Industry says it protects consumers and at the same time 'negotiates with manufacturers on the most reasonable price adjustments,' if needed

Commonwealth Public Market on April 26, 2019. Photo by Darren Langit/Rappler

On Labor Day, rival groups ask voters to elect senators who 'truly' represent workers

May 01, 2019 - 9:00 PM

Labor groups with varying political ideologies gather to express support for pro-worker senatorial candidates – a show of unity that they describe as 'historic'

LABOR DAY. Militant labor group Kilusang Mayo Uno march to Mendiola, Manila as part of their Labor Day activity on May 1, 2019. Phoyo by Rob Reyes/Rappler

U.S.-China trade talks nearing decisive moment – official

Apr 29, 2019 - 10:30 PM

'We hope within the next two rounds...to be at the point where we can either recommend to the president we have a deal or make a recommendation that we don't,' says US Treasury Secretary Steven Mnuchin

DTI suggests removing rice SRPs as prices go down

Apr 29, 2019 - 9:40 PM

With rice prices as low as P32 per kilo, Trade Secretary Ramon Lopez says suggested retail prices for the staple are no longer needed. But it is up to the Department of Agriculture to decide.

Consumers line up to buy rice at the Commonwealth market in Quezon City on February 18, 2019. According to the DTI rice prices can be lowered to from P2 to P7 per kilo after the Rice Tariffication Law was enacted and signed by President Duterte last week. Photo by Jire Carreon/Rappler

Faster importation of rice seen under tariffication law

Apr 29, 2019 - 3:20 PM

The removal of the National Food Authority from the importation process is expected to cut the time needed to process import permits

Imported rice from Vietnam has arrived and are being unloaded and being readied for distribution at the NFA Warehouse in Quezon City. People have been lining up in NFA outlets waiting for supplies to sold at the markets. September 4, 2018. Photo by Jire Carreon/Rappler

Abe, Trudeau extol Pacific trade pact without U.S.

Apr 29, 2019 - 7:36 AM

The Trans-Pacific Partnership removes trade barriers among 11 nations representing nearly 500 million consumers in the Asia-Pacific region in a bid to counter China's growing economic influence

AGREEMENT. Japanese Prime Minister Shinzo Abe (left) and Canadian Prime Minister Justin Trudeau shake hands during a joint media availability in Ottawa, Ontario, on April 28, 2019. Photo Lars Hagberg/AFP

Xi asks for 'fair and friendly' treatment for Chinese

Apr 28, 2019 - 3:30 PM

At the Belt and Road Forum, Chinese President Xi Jinping appeals to all countries to 'create a good investment environment' and to treat the Chinese 'equally'

China's President Xi Jinping waves as he arrives for a press briefing at the end of the final day of the Belt and Road Forum at the China National Convention Centere at the Yanqi Lake venue outside Beijing on April 27, 2019. (Photo by WANG ZHAO / POOL / AFP)

China's Xi aims to soothe Belt and Road fears

Apr 26, 2019 - 11:35 PM

In a speech kicking off a Belt and Road Initiative summit, Xi Jinping also offers soothing remarks to the US over subsidies, the yuan, and trade as the two sides head into fresh high-level talks next week

BELT AND ROAD INITIATIVE. Chinese President Xi Jinping seeks to soothe concerns about his ambitious Belt and Road Initiative. File photo by Fred Dufour/AFP

DTI, DA to continue collaboration on sugar monitoring

Apr 26, 2019 - 11:01 PM

Agriculture Secretary Emmanuel Piñol, however, says the investigation into traders jacking up sugar prices will still depend on the participation of the industry's stakeholders

Large piles of cut sugarcane are set for crushing just outside the First Farmers Holdings Corp's milling facility in Talisay, Negros Occidental. Photo by Anna Mogato/Rappler

DTI tightens monitoring of construction materials

Apr 24, 2019 - 7:15 PM

The Department of Trade and Industry is expanding the areas covered by its monitoring activities to show it is 'serious' in its campaign against substandard materials

The Department of Trade and Industry intensified its monitoring and enforcement of construction materials following the magnitude 6.1 earthquake in Luzon. Photo from Department of Trade and Industry

DTI hands off on sugar price, supply issue

Apr 23, 2019 - 9:00 PM

Trade Secretary Ramon Lopez says sugar, a basic commodity, is under the jurisdiction of the Department of Agriculture

A worker at the First Farmers Holdings Corp.'s milling facility bags 50-kilogram sacks of refined sugar. Photo by Anna Mogato/Rappler

PH to get $10B in deals, investments from Duterte's China visit – DTI

Apr 23, 2019 - 6:52 PM

Trade Secretary Ramon Lopez says more than 20,000 jobs are expected to be created by deals to be signed on the sidelines of President Rodrigo Duterte's participation at the second Belt and Road Forum in Beijing

It’s ‘abuse’ to prevent workers’ evacuation during earthquake – labor group

Apr 23, 2019 - 5:20 PM

TUCP says it received complaints from call center workers who were not allowed to evacuate and were told to continue working after a magnitude 6.1 earthquake hit Luzon on Monday

EVACUATE. Shoppers seen rushing outside as they evacuate the Robinson Place Manila mall following an earthquake that hit Luzon on April 22, 2019. Photo by Inoue Jaena/Rappler

India suspends Kashmir border trade with Pakistan

Apr 21, 2019 - 7:34 PM

The cross-border trade is based on a barter system, with traders exchanging goods including chillies, cumin, mango and dried fruit

Philippines, South Korea to pursue free trade agreement

Apr 17, 2019 - 7:30 PM

(UPDATED) If the deal pushes through, it would be the Philippines' second economic partnership, after the one with Japan

Philippines eyes better ease of doing business ranking

Apr 16, 2019 - 8:00 PM

Trade Secretary Ramon Lopez says the Philippines is aiming for a ranking higher than 95th, after accomplishing 33 out of 43 planned reforms

Photo from Shutterstock

Utility firms, Quezon City gov't agree to simplify transactions

Apr 16, 2019 - 3:20 PM

The processing of excavation permits is expected to be faster, after the signing of a memorandum of understanding between utility firms and the Quezon City government

DTI fully launches online processing for product certifications

Apr 15, 2019 - 4:00 PM

The shift to online transactions for processing product certifications can also save businesses around P3,613 per application, says Trade Secretary Ramon Lopez

EU countries approve launch of U.S. trade talks

Apr 12, 2019 - 2:07 PM

However, France says it will make a show of opposing the start of the talks when the negotiating mandate is put to a vote of EU agriculture ministers seen as largely symbolic

Lopez: Philippines assured of preferential market access to UK post-Brexit

Apr 12, 2019 - 12:35 PM

Trade Secretary Ramon Lopez says the Philippines received the assurance from UK officials in several high-level dialogues over the last two months

A European Union flag and a UK flag are pictured during a special meeting of the European Council to endorse the draft Brexit withdrawal agreement and to approve the draft political declaration on future EU-UK relations on November 25, 2018 in Brussels. The European Union's top official urged British lawmakers to ratify the Brexit deal Prime Minister Theresa May has negotiated with European leaders, warning it will not be modified. "This is the best deal possible for Britain, this is the best deal possible for Europe. This is the only deal possible," Jean-Claude Juncker, the president of the European Commission, said after a Brussels summit.  EMMANUEL DUNAND / AFP

DTI seeks to grow halal trade

Apr 11, 2019 - 5:20 PM

Aside from catering to some 11 million Muslim Filipinos, local halal businesses should have more exposure to Muslim-majority countries, says the Department of Trade and Industry

New scheme: Cigarette tax stamps traded for sardines, noodles

Apr 09, 2019 - 3:40 PM

The Bureau of Internal Revenue discovers a new scheme by illicit tobacco traders: offering sardines or a pack of noodles in exchange for tax stamps

Next in line: Sugar import liberalization

Apr 02, 2019 - 10:04 AM

After the government manages to speedily pass the Rice Tariffication law, will the same be said for sugar?

Loads of sugarcane cut in the latter part of the harvesting season are hauled by trucks closer to the opening of the milling facility of First Farmers Holdings Corp. in Talisay, Negros Occidental. Photo by Anna Mogato/Rappler

U.S.-China trade talks open in Beijing

Mar 28, 2019 - 9:52 PM

The two sides have slapped tariffs on hundreds of billions of dollars of goods since last year, hitting a slew of businesses ranging from manufacturers to farmers in both countries

TRADE TALKS. In this file photo, US Trade Representative Robert Lighthizer (L) listens as Chinese Vice Premier Liu He talks while they line up for a group photo at the Diaoyutai State Guesthouse in Beijing on February 15, 2019. File photo by Mark Schiefelbein/AFP

Agricultural trade deficit expands in Q4 2018

Mar 28, 2019 - 7:20 PM

Despite a wide deficit, the Philippines' agricultural trade grows by almost 16% to $5.23 billion in the 4th quarter of 2018

Workers files stock of round shape fruits at the Balintawak Market on Wednesday, December 26, 2018, six days before the Buena Noche to welcome the New Year. The Filipinos welcome the New Year's Eve by serving 12 kinds of round fruits on the table during Buena Noche, believed to welcome prosperity and abundance for the household. The 12 kinds of round fruits on the table represents each month in a year. Photo by Darren Langit/Rappler

El Niño to have minimal effects on inflation – NEDA

Mar 25, 2019 - 3:50 PM

Socioeconomic Planning Assistant Secretary Mercedita Sombilla says planting and harvesting may be delayed, but there would be no major impact on rice production

A farmer walks over the cracked soil of dried up rice field in San Ildefonso, Bulacan province. The Philippine Atmospheric Geophysical and Astronomical Services Administration warned of hotter days ahead due to El Nino. Photo by Inoue Jaena/Rappler

TUCP warns employers vs hiring less women over maternity leave law

Mar 21, 2019 - 10:53 AM

The labor group urges the government to keep a close watch over businesses after a survey showed that a majority of employers may be inclined not to hire women due to the Expanded Maternity Leave Law

DISCRIMINATORY? The initial results of a survey among employers' group showed their hiring practices may be affected with the expanded maternity leave law. Photo from Shutterstock

Philippines secures $1.24 billion in investment pledges from Japan

Mar 18, 2019 - 7:40 PM

Japan, being one of the Philippines' strongest trade partners, would help generate 16,000 jobs if these investments push through

The Department of Trade and Industry as able to secure investments from Japanese firms during its business mission in Tokyo, Japan, last week. Photo grabbed from DTI Secretary Ramon M. Lopez's Facebook account

Philippines makes bold tourism moves at ITB Berlin

Mar 16, 2019 - 8:50 PM

Tourism secretary Bernadette Romulo-Puyat promotes 'It's More Fun in the Philippines' in Europe

Photo by Carol Ramoran Malasig/Rappler

Trump expects China trade war decision within 4 weeks

Mar 15, 2019 - 7:13 AM

The US president says: 'We are doing very well with China talks... We are getting what we have to get'

NUCLEAR TREATY. n this file photo, China's President Xi Jinping (L) and US President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. File photo Nicolas Asfouri/AFP

European parliament deals setback to EU-U.S. trade talks

Mar 14, 2019 - 10:26 PM

The European Parliament only has an advisory role with regard to the EU's negotiating mandate, but it will have the final say once an agreement has been concluded

EU-US TRADE TALKS. In this file photo, US President Donald Trump and European Commission President Jean-Claude Juncker (L) give a statement in the Rose Garden of the White House in Washington, DC, on July 25, 2018. File photo by Saul Loeb/AFP

U.S., China negotiators talk but no date for Trump-Xi trade summit

Mar 12, 2019 - 12:19 PM

A possible summit between President Donald Trump and his Chinese counterpart Xi Jinping remains up in the air

Signing of ASEAN-Japan trade Protocol: What this means for Filipinos

Mar 11, 2019 - 6:07 PM

Japan has been a close ally and strong trade partner to the Philippines. Trade relations are about to get better with the First Protocol to Amend the ASEAN-Japan Comprehensive Economic Partnership Agreement

China will not devalue renminbi to spur exports – central bank chief

Mar 10, 2019 - 5:36 PM

'We will never use the exchange rate for the purpose of competition, nor will we use the exchange rate to increase China's exports,' says People's Bank of China Governor Yi Gang

Photo from Shutterstock