World Business Report Philippines reaches trade agreement with the US
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Jul 22, 2025 The Philippines secures a trade deal with the U.S., potentially reshaping its economic landscape and regional dynamics with Indonesia and Vietnam. A London court orders a substantial payout linked to a tech sale, stirring legal concerns in the market. Meanwhile, Coke’s shift to cane sugar raises eyebrows among corn growers, spotlighting consumer preferences and health implications. Finally, Tesla faces stiff competition and declining sales, while the lithium mining debate highlights the tension between renewable energy needs and environmental impacts.
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Regional Tariff Competition Insight
- The Philippines and Indonesia secured tariff reductions close to Vietnam's level to remain competitive in US trade.
- Countries like India, Malaysia, and Thailand without deals now face competitive disadvantages in the region.
Balancing US-China Trade Pressures
- Countries face pressures to negotiate trade deals due to US-China tensions and potential retaliation.
- Nations strive to balance relations with both powers while seeking stability and diversification.
US Automakers Need Tariff Stability
- US automakers face disruption due to new tariff costs and unstable trade policies.
- Stability in tariffs is crucial since automakers need time to adjust supply chains and production.