Leaders from both economies had been trying to negotiate more favorable terms, only to have those efforts blown up by form letters.

The enduring tariffs from President Trump's administration continue to shape global trade dynamics, affecting both the US and the European Union. Despite legal challenges and market uncertainties, these tariffs remain in place,

Philippines may be “less affected” by US President Donald Trump’s decision to slap a 20 percent tariff on all Philippine exports, although uncertainty surrounding the policy is likely to weigh on investor sentiment and delay growth-related decisions.