US removes 'reciprocal' tariffs on $1bn of Philippine agricultural products

Finance minister describes move as 'win' for Southeast Asian nation's farmers

20251118 Banana

A vendor with piles of bananas at a wholesale market in Manila. The fruit was one of many agricultural products in the Philippines that will now face zero "reciprocal" tariffs from the U.S. © Reuters

RAMON ROYANDOYAN

MANILA -- More than $1 billion of Philippine agricultural products will now face no "reciprocal" U.S. tariffs after President Donald Trump eliminated duties on many items to tackle cost of living pressures, officials in Manila announced on Tuesday.

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