Manila: Talks about the exemptions of some Philippine products from United States tariffs continue, but specifics cannot be disclosed yet since these are under a non-disclosure agreement, an official said Monday. Special Assistant to the President for Investment and Economic Affairs Secretary Frederick Go, during the Economic Journalists Association of the Philippines forum at Bangko Sentral ng Pilipinas in Manila, said they are still waiting for the final decision on semiconductors.
According to Philippines News Agency, this development follows US President Donald Trump's proposal of a 100-percent tariff on semiconductor imports, a significant export for the Philippines. Data from the Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) revealed that electronics exports expanded by 13.56 percent on an annual basis to USD4.18 billion in May 2025.
The same data highlighted that electronics exports in May accounted for 57.40 percent of the country's USD7.29 billion exports during the month. Go mentioned that they are still seeking clarification from the US.
'And of course we are lobbying that. Our semiconductor exports likewise be exempted if there is such. But we still have to schedule a call or a meeting with them to clarify this matter,' he added.