News

Agriculture dept to host consultations on rice tariffs law

ABS-CBN News
Updated as of Feb 21 09:30 AM

The Department of Agriculture said Thursday it would host consultations with stakeholders as government prepared to implement a law that puts tariffs on rice in place of import quotas. Read more »

'Local farmers to benefit from higher taxes on imported rice'

ABS-CBN News
Posted at Feb 18 09:07 PM

Former agriculture secretary Dr. William Dar said that under the new rice tariffication law, P10 billion will be allocated to local farmers yearly. Read more »

EU vows 'swift' riposte to threatened US auto tariffs

Agence France-Presse
Posted at Feb 18 09:04 PM

The EU promised a quick and effective response if the United States imposes import duties on European autos, a spokesman for the European Commission said on Monday. Read more »

Bangko Sentral: 'Landmark' rice tariffs to ease inflation further

ABS-CBN News
Posted at Feb 18 03:42 PM

It is important for state agencies to implement the Rice Tariffication Act quickly since the first quarter is drawing to a close, Bangko Sentral ng Pilipinas Deputy Governor Diwa Guinigundo said. Read more »

Duterte signs into law rice tariffication bill

Dharel Placido, ABS-CBN News
Updated as of Feb 16 03:56 PM

MANILA - President Rodrigo Duterte has signed into law the rice tariffication bill, his spokesman Salvador Panelo said on Friday.  Read more »

US stocks jump as shutdown, trade fears recede

Agence France-Presse
Posted at Feb 13 07:06 AM

Wall Street stocks jumped Tuesday as President Donald Trump downplayed the chance of another government shutdown and said he could delay new tariffs on Chinese imports. Read more »

Top US officials arrive in China for trade talks as deadline looms

Ben Blanchard, Reuters
Posted at Feb 12 09:03 PM

US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are scheduled to hold talks with Chinese Vice Premier Liu He, top economic adviser to President Xi Jinping. Read more »

Rice industry groups urge Duterte to veto rice tariff bill

ABS-CBN News
Posted at Feb 12 12:04 AM

Rice industry groups made a last-ditch effort to persuade President Rodrigo Duterte to veto the rice tariffication bill, which they say would kill the local sector. Read more »

US, China resume high-stakes poker in trade talks

Delphine Touitou and Lillian Ding, Agence France-Presse
Updated as of Jan 27 12:47 PM

With a month left in their truce, senior US and Chinese officials will meet in Washington this week, hoping to move toward a bargain to end their unprecedented trade war. Read more »

Cash transfers for farmers, crop insurance proposed

ABS-CBN News
Posted at Jan 25 04:23 PM

Some of the tariff revenues should be used for cash transfers to augment the income of farmers, said De La Salle University School of Economics assistant professor Krista Danielle Yu.  Read more »

US Commerce chief: 'miles and miles' to go on China trade

Reuters
Posted at Jan 24 10:57 PM

The US and China are a long way from resolving trade issues with China but there is a fair chance the two countries will get to a trade deal, Commerce Secretary Wilbur Ross said on Thursday. Read more »

Rice tariff measure submitted to Duterte office: Senate

ABS-CBN News
Posted at Jan 16 01:36 PM

The bill was sent to the Office of the President on Jan. 15. Unless it is vetoed, the bill will lapse into law if not acted upon in 30 days, the Senate Public Relations and Information Bureau said.   Read more »

PH agri group, economist say rice tariffication can help lower rice prices

ABS-CBN News
Posted at Jan 08 12:00 AM

Philippine economic managers have been betting big on the rice tariffication bill as one of the government's way to keep inflation within its target range. Read more »

US-China trade war poses risk for PH but may be offset by poll spending - ICCP

ABS-CBN News
Posted at Jan 02 06:40 PM

An escalation of the trade war between the United States and China may pose a risk to the Philippine economy in 2019, the founder of an international business group said Wednesday.  Read more »

NFA to stop selling rice if Duterte signs tariffication law - exec

ABS-CBN News
Posted at Dec 19 09:12 AM

The National Food Authority will stop selling subsidized grain if President Rodrigo Duterte approves a proposed law removing the cap on rice importation, the body's officer-in-charge said Wednesday.  Read more »

Agriculture department vows to keep suggested rice retail price

ABS-CBN News
Posted at Dec 19 12:28 AM

The Department of Agriculture warned the distribution of cheap government-subsidized rice will be affected once the rice tariffication bill is enacted into law. Read more »

China to halt added tariffs on US-made cars in easing of trade tensions

Reuters
Posted at Dec 15 11:38 AM

China will temporarily suspend additional 25 percent tariffs on US-made vehicles and auto parts starting Jan. 1, 2019, the finance ministry said on Friday, following a truce in a trade war between the world's 2 largest economies. Read more »

China to 'immediately' implement US trade truce measures

Agence France-Presse
Posted at Dec 06 06:52 PM

China said Thursday it would "immediately" implement measures agreed under a trade war truce with the United States -- and was confident it could reach a deal within 90 days. Read more »

China vows quick trade moves as US sends mixed signals

Laurent Thomet with Heather Scott in Washington, Agence France-Presse
Posted at Dec 05 07:46 PM

China vowed Wednesday to move swiftly to strike a trade consensus with the United States, even as mixed signals on the detente from self-described "Tariff Man" Donald Trump's administration upset global markets. Read more »

US-China 'truce' won't end trade tensions: Moody's

ABS-CBN News
Posted at Dec 03 04:13 PM

US President Donald Trump and Chinese President Xi Jinping agreed that there would be no further escalation to their tit-for-tat tariffs on goods worth hundreds of billions of dollars. Read more »