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PHILEXPORT calls for sustained trade dialogue on the 10% global tariff

The Philippine Exporters Confederation, Inc. (PHILEXPORT) has called for sustained dialogues following the landmark ruling by the United States Supreme Court that struck down President Donald Trump’s previous "reciprocal" tariffs as unconstitutional.

While the organization welcomed the restoration of constitutional checks on trade power, it expressed guarded concern over the immediate imposition of a new 10% global tariff.

Relief after legal clarity
The 6-3 Supreme Court decision on February 20 invalidated the sweeping tariffs previously imposed under the International Emergency Economic Powers Act (IEEPA). For Philippine exporters, who faced an average "reciprocal" levy of 19% throughout 2025, this ruling represents a significant victory for a rules-based trading system.

"The invalidation of the previous 19% tariff provides much-needed legal relief to our members," said Sergio Ortiz-Luis Jr., President of PHILEXPORT. "Our exporters showed incredible resilience last year, driving total exports to a record $84.4 billion despite these headwinds. This ruling removes a major barrier that was unfairly penalizing Philippine craftsmanship and industry."

Assessing the new 10% global baseline
In the wake of the court ruling, the US Administration has announced a new 10% global tariff under Section 122 of the Trade Act of 1974, effective February 24, 2026.

“While this is an additional cost, its "global" application means the Philippines maintains its relative competitiveness against other trading nations,” said Ortiz Luis.

Key considerations for the Philippine export sector include:
• Sectoral exemptions: PHILEXPORT is optimistic that critical sectors, particularly Semiconductors and Electronics (which reached $47 billion in 2025), will continue to be shielded by existing exemptions due to their role in the US tech supply chain.
• Agricultural stability: More than $1 billion worth of Philippine agricultural exports—including coconut oil,pineapples, and mangoes—remain under specific exemptions, ensuring these vital industries stay competitive.
• Temporary nature: Under US law, the Section 122 tariff is capped at 150 days unless extended by the US Congress. PHILEXPORT views this window as a crucial time for bilateral negotiation.

𝐈𝐍 𝐏𝐇𝐎𝐓𝐎: PCCI President Perry A. Ferrer met with the U.S. Embassy in the Philippines Economic Team and the U.S. Commercial Service Philippines, led by Sharyn Fitzgerald and Paul Taylor, to advance collaboration in artificial intelligence and the semiconductor supply chain. Discussions covered data centers and hyperscalers, AI applications across industries, power and infrastructure readiness, and opportunities in defense co-production and advanced manufacturing. Both sides reaffirmed their commitment to deeper cooperation in line with the 80th anniversary of Philippines-United States relations and initiatives such as the Luzon Economic Corridor. Present during the meeting were Mr. Bryan Ang Vice President and Director for Industry and Trade; Ms. Holly Vineyard, U.S. Embassy Trade and Investment Unit Chief; Mr. Ruben Pascual, Secretary General; Ms. Katie Stuntz, U.S. Embassy Trade and Investment Officer; Ms. Alta Paraiso, U.S. Embassy Trade Specialist; Ms. Cheska Alvarez, Supervisor for International Affairs; and Ms. Angel Nocom, Specialist for International Affairs.

𝐃𝐅𝐀 𝐀𝐏𝐎𝐒𝐓𝐈𝐋𝐋𝐄 𝐀𝐒𝐒𝐈𝐒𝐓𝐀𝐍𝐂𝐄

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APOSTILLE/ AUTHENTICATION (Formerly known as Red ribbon)

We process Apostille / authentication for the following.

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Licensed and industry experts will handle and manage your PH regulatory needs.

Services:
 ACCOUNTING & BOOKEPPING
 BUSINESS REGISTRATION & PERMIT PROCESSES
 DTI & SEC PROCESS & COMPLIANCES, also Import and Export Processess
 COMPANY REGULATORY (SSS, PAGIBIG, PHILHEALTH, DOLE)
 LAND TITLE (LRA, BIR, LGU, DAR, DENR)
 LABOR CONSULTANCY
 HUMAN RESOURCE CONSULTANCY
 RISK MANAGEMENT
 SAFETY OFFICER CONSULTANT
 COMPANY AND MANAGEMENT CONSULTANT

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Licensed and industry experts will handle and manage your PH regulatory needs.

Services:
 ACCOUNTING & BOOKEPPING
 BUSINESS REGISTRATION & PERMIT PROCESSES
 DTI & SEC PROCESS & COMPLIANCES, also Import and Export Processess
 COMPANY REGULATORY (SSS, PAGIBIG, PHILHEALTH, DOLE)
 LAND TITLE (LRA, BIR, LGU, DAR, DENR)
 LABOR CONSULTANCY
 HUMAN RESOURCE CONSULTANCY
 RISK MANAGEMENT
 SAFETY OFFICER CONSULTANT
 COMPANY AND MANAGEMENT CONSULTANT

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FYI…

Hi, dear taxpayers!

Please take note of the new rates for Documentary Stamp Tax (DST) on some documents or transactions pursuant to Republic Act No. 12214, also known as Capital Markets Efficiency Promotion Act (CMEPA).

For EFPS users, please see the Tax Advisory dated July 31, 2025 for more information on how to file and pay the new rates for DST.

TAX ADVISORY…

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Services:
 ACCOUNTING & BOOKEPPING
 BUSINESS REGISTRATION & PERMIT PROCESSES
 DTI & SEC PROCESS & COMPLIANCES
 COMPANY REGULATORY (SSS, PAGIBIG, PHILHEALTH, DOLE)
 LAND TITLE (LRA, BIR, LGU, DAR, DENR)
 LABOR CONSULTANCY
 HUMAN RESOURCE CONSULTANCY
 RISK MANAGEMENT
 SAFETY OFFICER CONSULTANT
 COMPANY AND MANAGEMENT CONSULTANT

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