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Trump agrees to small reduction in Philippine tariffs
Trump agrees to small reduction in Philippine tariffs
by  AFP

US President Donald Trump agreed Tuesday to reduce threatened tariffs on the Philippines, but only by one percentage point, after what he termed a successful meeting with his counterpart Ferdinand Marcos. The 19 percent rate is still above the 17 percent threatened by Trump in April, when he threatened sweeping global tariffs.

Trump says confident US to reach Philippines trade deal
Trump says confident US to reach Philippines trade deal
by  AFP

US President Donald Trump voiced confidence Tuesday at reaching a trade deal with the Philippines to ease his threatened tariffs as he welcomed his counterpart Ferdinand Marcos to the White House. A big trade deal, actually," Trump said as he met Marcos in the Oval Office.

General Motors profits fall on tariffs
General Motors profits fall on tariffs
by  AFP

General Motors reported Tuesday that second-quarter profits tumbled by more than a third due to tariffs as it confirmed its full-year forecast. Profits overall fell 35.4 percent to $1.9 billion year-on-year, with a $1.1 billion hit from tariffs accounting for much of the drop.