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Gov't says won't import rice during local harvest as farmers worry over income loss

Jamaine Punzalan, ABS-CBN News
Posted at May 20 05:18 PM

The government will only import rice after the local harvest, Malacañang said on Thursday, as farmer expressed concern over President Rodrigo Duterte's move to slash tariffs on imported supply of the staple grain.  Read more »

Duterte temporarily slashes imported rice tariffs, 'modifies' pork import tariffs

ABS-CBN News
Posted at May 15 08:20 PM

President Rodrigo Duterte has approved temporarily reducing the tariff rates on imported rice, and "further modified" tariffs on imported pork products to ease the burden on consumers, his office said on Saturday.  Read more »

Compromise reached on pork import tariffs, volume: DA

ABS-CBN News
Updated as of May 06 01:09 PM

The Senate on Wednesday accepted the economic team's recommended pork import tariff rates under the Executive Order No. 128 meant to augment supply that dwindled due to the African Swine Fever, the Agriculture Department said. Read more »

Senate adopts resolution urging Duterte to recall order cutting pork tariff

Katrina Domingo, ABS-CBN News
Posted at Apr 15 02:37 PM

Several senators on Thursday filed a resolution seeking to revoke President Rodrigo Duterte's order to reduce tariffs for imported pork to protect local hog raisers from bankruptcy. Read more »

Lawmakers have power to revoke order lowering imported pork tariff - Palace

ABS-CBN News
Posted at Apr 13 09:19 PM

Malacañang on Tuesday said it is up to the country's lawmakers if they want to revoke Executive Order No. 128, which modifies the tariffs on imported pork.   Read more »

Metro Manila gets fresh shipment of 2,000 hogs to pull down prices

Jamaine Punzalan, ABS-CBN News
Posted at Feb 17 11:23 AM

A fresh shipment of 2,000 hogs from Mindanao has been shipped to Metro Manila to address a supply shortage of pork and bring down its prices, in line with President Rodrigo Duterte's order, Malacañang said on Wednesday.    Read more »

DA recommends to Palace raising minimum volume for pork imports - Dar

RG Cruz, ABS-CBN News
Updated as of Feb 16 06:04 PM

MANILA — The Department of Agriculture (DA) has submitted to Malacañang its recommendation to increase the minimum access volume (MAV) on pork imports to raise the country's stock, the agency's head said Tuesday, amid supply woes due to the African swine fever. Read more »

Palace seeks food summit to curb prices of pork, rice

ABS-CBN News
Posted at Feb 11 05:07 PM

Is another food summit necessary to curb the runaway prices of staples or could the government instead adopt a plan formulated in 2018?  Read more »

Executive branch calls for Food Security Summit over fluctuating prices

Jamaine Punzalan, ABS-CBN News
Posted at Feb 10 03:59 PM

he Executive branch is calling for a Food Security Summit to address the fluctuations in the prices of some staple food items, Malacañang said on Wednesday.  Read more »

Duterte keeps lower tariffs on some poultry products until 2022

ABS-CBN News
Posted at Jan 18 01:41 PM

President Rodrigo Duterte has signed an executive order keeping reduced tariff rates on certain imported poultry products until 2022, citing the COVID-19 pandemic.  Read more »

Philippines hits imported cars and vans with tariffs to help domestic industry

Reuters
Posted at Jan 04 09:21 PM

The Philippines is imposing temporary duties on imported passenger cars and light commercial vehicles to protect its tiny carmaking industry hit hard by the pandemic, its trade minister said on Monday. Read more »

China to cut tariffs, boost imports of high-quality goods and services

Kevin Yao and Lusha Zhang, Reuters
Posted at Nov 19 02:26 PM

China will continue to cut its tariffs and expand imports of high-quality goods and services, Chinese President Xi Jinping said on Thursday, while vowing to push reforms and promote an innovation-driven growth model. Read more »

Senate panel OKs resolution giving excess rice tariff revenues to small farmers

Katrina Domingo, ABS-CBN News
Posted at Oct 16 04:15 PM

The Senate Committee on Agriculture, Food and Agrarian Reform on Friday approved a resolution which authorizes the government to give use excess rice tariff revenues to fund assistance programs for small farmers. Read more »

WTO says American tariffs on China broke global trade rules

Ana Swanson, The New York Times
Posted at Sep 16 07:51 AM

A World Trade Organization panel said Tuesday that the United States violated international trade rules by imposing tariffs on China in 2018 in the midst of President Donald Trump’s trade war.   Read more »

Tiffany’s $16 billion sale falls apart in face of pandemic, tariffs

Lauren Hirsch and Elizabeth Paton, The New York Times
Updated as of Sep 10 03:12 PM

Last November, LVMH Moët Hennessy Louis Vuitton, the world’s largest luxury goods conglomerate, announced plans to acquire Tiffany & Co., the American jeweler founded by Charles Lewis Tiffany in 1837 and famed for its duck egg blue boxes and diamond engagement rings.  Read more »

China stokes tensions with fresh probe into Australian wine

Agence France-Presse
Posted at Aug 31 03:16 PM

China said Monday it had launched another probe into Australian wine imports, accusing Canberra of using subsidies to give firms "an edge" over local rivals, in the latest salvo as trade and diplomatic relations between the two deteriorate. Read more »

Vatican rebukes priests over 'tariffs' for weddings, funerals

Ella Ide, Agence France-Presse
Posted at Jul 21 05:23 AM

The Vatican on Monday reminded its priests they should not be charging fixed prices for celebrating weddings and funerals, and that such ceremonies could be performed by lay people where necessary. Read more »

US-China trade deal 'impacted' by coronavirus

Agence France-Presse
Posted at Jun 11 10:01 PM

US-China tensions have been rising this year since the signing of a partial trade deal in January, with officials swapping barbs over the origin of the pandemic -- which first surfaced in central China and has since ravaged the global economy. Read more »

Taas-presyo sa petrolyo inaasahan

ABS-CBN News
Posted at May 05 04:17 PM

Inaasahang tataas ang presyo ng produktong petrolyo matapos magpataw ang gobyerno ng dagdag na buwis sa imported na langis.   Read more »

Duterte hikes tariffs on imported oil, refined petroleum to fortify COVID-19 response

Arianne Merez, ABS-CBN News
Updated as of May 04 06:47 PM

President Rodrigo Duterte hiked tariffs on crude oil and refined petroleum products by 10 percent to help fund the government's response to the coronavirus pandemic. Read more »