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Philippines reaches trade agreement with the US

World Business Report

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Trade Dynamics in Southeast Asia

This chapter examines the recent trade agreements between the Philippines, Indonesia, and the United States, detailing the tariff reductions that are shaping these nations' economic relations. It highlights the competitive pressures faced by other Southeast Asian countries, particularly in light of their trade negotiations with both the US and China. The discussion also includes the implications for the automotive industry, where tariffs are impacting major players and shaping production strategies amidst changing consumer demands.

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