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Tariff Negotiations With US ‘Not Finished’, Says Philippines

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Negotiations over the Philippines’ new 19 percent US tariff rate are “not finished”, a key government economic adviser said Thursday, tamping down fears over the deal’s potential impact on the agriculture sector.

President Ferdinand Marcos flew back to the country late Wednesday after a three-day trip to Washington that saw him emerge from a meeting with Donald Trump having shaved a single point off a 20 percent levy on Filipino goods.

What might “seem like a very small concession” was in fact a “significant achievement”, Marcos told reporters who questioned if the Philippines — a longtime US treaty ally — was getting the short end of the stick.

The US president, meanwhile, touted “zero tariffs” on American goods headed to the archipelago nation of 115 million.

But Marcos economic adviser Frederick Go said Thursday that tariffs would not be dropped in every category.

“The negotiations are not yet finished. Our technical working groups will continue to work with their counterparts from America to finalize the details of this arrangement,” he told reporters in Manila.

“There are still many things to be discussed.”

Since the Trump meeting, the Marcos administration has downplayed the potential effects of the tariffs, noting just 16 percent of the country’s exports go to the United States, with about two-thirds being electronic components not subject to levies.

On Thursday, Go said that while tariffs would disappear for certain agricultural products like soy and wheat, key areas such as sugar, corn, rice, fish and pork would remain protected for Filipino farmers.

“I can guarantee to you we studied our biggest industries in the country where we are a significant market producer. We didn’t include those in our arrangements with the United States,” he said.

Go also touted the benefit to Filipino consumers of dropping some tariffs, particularly on pharmaceuticals.

“Medicines are expensive in the Philippines. If they are tariff-free, then that can lower the price of medicine in our country,” he said.

Jesus Felipe, an economics professor at Manila’s De La Salle University, told AFP the actual number of Philippine exports hit by the full tariff would likely be low.

“That’s the number (19 percent) that has been flagged, but our feeling is that many products — a substantial share of Philippine exports to the US — will have to be exempted.”

While predicting the effect on Philippine GDP would effectively be “nothing”, Felipe said the “imperialist attitude” with which the United States was treating smaller countries remained worrying.

Countries with far larger US trade deficits like China, Mexico and Canada had “much more power and leverage” to fight back, he said.

“The Philippines cannot retaliate.”

 

 

 

AFP

International News

Nottingham Forest Sacks 5th Manager In 10 Months, To Wrap Up Oliver Glasner’s Deal

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Oliver Glasner is in advanced talks to replace Vitor Pereira as Nottingham Forest head coach, a move which would see the Austrian become the club’s fifth manager in less than a year.

 

Pereira announced his departure from the club in a statement on Wednesday, saying that it came as a “complete surprise to me and without any warning”.

Glasner is a free agent after leaving Crystal Palace — where he won the FA Cup in 2024-25 and then the Community Shield and Conference League the following campaign — and is set to stay in the Premier League.

The 51-year-old confirmed in January that he would leave Palace at the end of the season after two years in charge.

On Thursday, Forest confirmed Pereira’s coaching staff Filipe Almeida, Luis Miguel, Bruno Moura, Marco Knoop and Pedro Lopes had all left the club alongside the head coach.

Pereira, 57, was appointed Forest head coach in February on an 18-month contract which runs until 2027.

The Athletic reported in May Forest had been planning to show their faith in Pereira by handing the head coach a new long-term contract, but those talks were subsequently put on hold.

“Today marks the end of my journey as head coach of Nottingham Forest,” he said in his statement.

“I want to say a sincere thank you to everyone connected with this incredible football club. Although this decision came as a complete surprise to me and without any warning, I fully respect the club’s right to make the decisions it believes are best for its future.

“Naturally, I am disappointed and saddened. I truly believed in what we were building together, and I leave with a sense of pride in everything we achieved over the past months.

“Together, we enjoyed a memorable end to the season. We secured the club’s Premier League status, reached the semi-finals of the Europa League, and created moments that will stay with me forever. Most importantly, I saw a group of players grow in confidence, belief and togetherness.

“I leave Nottingham Forest with no bitterness or resentment—only respect, gratitude and wonderful memories. Football is full of unexpected moments, and while this chapter has ended sooner than I expected, I will always look back on my time here with pride and affection.”

The Portuguese succeeded Sean Dyche and was Forest’s fourth permanent boss of the season following the departures of Nuno Espirito Santo and Ange Postecoglou.

Nuno had led Forest to Europa League qualification the previous season but he departed in September, less than three months after signing a new deal. Postecoglou was appointed his replacement but was dismissed just 39 days later. Dyche took charge of the team in October before his dismissal in February.

Forest were three points above the relegation zone when Pereira was appointed and he subsequently steered his side to Premier League safety with two games of the campaign remaining.

His appointment marked his second managerial spell in the Premier League after guiding Wolverhampton Wanderers to safety during the 2024-25 campaign.

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Ronaldo Dismisses Sister’s Retirement Claim

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Cristiano Ronaldo has publicly countered suggestions from his sister, Katia Aveiro, that he intends to retire from international football following the World Cup.

 

The Portuguese legend recently led his team to the round of 16 following a 2-1 victory over Croatia.

Ronaldo continued to be a pivotal player for his country, having scored the equalising goal from the penalty spot after going one goal down in the second half.

Following his goal, he became the oldest player to score in the knockout stage of the FIFA World Cup.

Reports from Portuguese media had quoted Aveiro stating that the current tournament would be Ronaldo’s final appearance for the national team.

Before the recent match against Croatia, Aveiro was quoted as saying, “From the information I have, from a reliable source, I believe that this is the last dance, so let’s enjoy it. I strongly believe this is the farewell.”

However, the football icon has made it clear that his focus remains solely on the present, not on his future.

“My future isn’t important right now,” Ronaldo stated. “I’ll have time; after winning or losing, I’ll talk to my family and then make the best decision.”

The legendary forward, who recently secured a trophy in Saudi Arabia, holds the record for both appearances and goals for his national team, with 146 goals in 232 caps.

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Match-Fixing: UEFA Slams Club With Europa League Ban

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The UEFA Appeals Body has announced that Czech club Karvina is banned from participating in next season’s Europa League. UEFA made the decision based on competition regulations, ruling that Karvina “directly or indirectly participated in activities aimed at manipulating or influencing the results of domestic matches,” as stated in the official resolution.

 

As a result of this decision, Karvina’s spot as domestic cup winner will be taken by Viktoria Plzeň, with Viktoria Plzeň’s second qualifying round spot going to Hradec Králové. Jablonec will fill the vacant Conference League spot originally held by Hradec Králové.

In the Europa League, Hradec Králové will face Tromsø. In the Conference League, Jablonec will face Varaždin.

Viktoria Plzeň will learn their opponent in the Europa League playoff draw on Monday, August 3.

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