International News
Tariff Negotiations With US ‘Not Finished’, Says Philippines
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
Manuel Neuer has been called up to Germany’s World Cup squad – two years after his international retirement.
The 40-year-old was named as part of Julian Nagelsmann’s 26-man squad for the tournament this summer, having not featured for his country since Euro 2024.
Among the list include Premier League players Malick Thiaw and Nick Woltemade – both of Newcastle – Arsenal striker Kai Havertz, Liverpool midfielder Florian Wirtz and Brighton’s Pascal Gross.
Injured duo Serge Gnabry and Anton Stach and forwards Karim Adeyemi, Kevin Schade and Niclas Fullkrug are among those to miss out.
Germany’s World Cup squad in full
Goalkeepers: Oliver Baumann (Hoffenheim), Manuel Neuer (Bayern Munich), Alexander Nubel (Stuttgart)
Defenders: Waldemar Anton (Borussia Dortmund), Nathaniel Brown (Eintracht Frankfurt), David Raum (RB Leipzig), Antonio Rudiger (Real Madrid), Nico Schlotterbeck (Borussia Dortmund), Jonathan Tah (Bayern Munich), Malick Thiaw (Newcastle)
Midfielders: Pascal Gross (Brighton), Joshua Kimmich (Bayern Munich), Felix Nmecha (Borussia Dortmund), Aleksandar Pavlovic (Bayern Munich), Angelo Stiller (Stuttgart), Leon Goretzka (Bayern Munich), Florian Wirtz (Liverpool), Jamie Leweling (Stuttgart)
Forwards: Maximilian Beier (Borussia Dortmund), Kai Havertz (Arsenal), Lennart Karl (Bayern Munich), Jamal Musiala (Bayern Munich), Leroy Sane (Galatasaray), Deniz Undav (Stuttgart), Nick Woltemade (Newcastle)
Former Chelsea midfielder John Obi Mikel has opened up on the club’s decision to appoint Xabi Alonso as their new manager.
The Blues confirmed the Spaniard as their next head coach following the conclusion of the 2025-26 season, with Alonso set to take charge ahead of the upcoming campaign.
Mikel had previously been vocal about Chelsea’s managerial philosophy, urging the club’s ownership to move away from short-term head coaches and interim appointments and instead bring in a proper manager with full control over the squad
Speaking on his most recent podcast, Mikel said:
“I am glad the owners listened to me, and listened to the fans.
“Forget about coaches, what we have always had are managers, and what we need is a manager who decides on the players he wants out and the players who can stay.
“We need a strong personality, and that is what we have got now in Alonso.
“That title has been changed from coach to manager, but I hope it’s not just words and he is actually allowed to manage the squad. But I am very happy with the appointment.”
Chelsea are still in the hunt for Europa League football, and a win over Sunderland on the final day of the Premier League season would go a long way in determining whether Alonso inherits a European stage to build on next season.
Enzo Maresca is believed to have signed a three-year deal to replace outgoing Man City manager Pep Guardiola, after it was revealed that the legendary head coach will be leaving the Etihad at the end of the season.
Speculation around Guardiola’s departure date has been rife as the season draws to a close, despite the Catalan having one year left on his contract.
According to report, Man City’s sponsors were among those to have been told that Guardiola will be calling time on a remarkable trophy-ladened spell on Sunday.
The report also shared that Maresca, Guardiola’s former assistant, was a front-runner for the vacant spot at the dugout, with Fabrizio Romano confirming on Tuesday morning that the ex-Chelsea manager will be taking over.
The Italian head coach has been out of work since his mutual departure from Stamford Bridge under strained circumstances on January 1.
But even before his acrimonious mid-season exit, Maresca has been viewed as a long-term successor to Guardiola following their stint working together at Man City.
The 46-year-old served as Guardiola’s assistant between 2022 and 2023 after previously coaching Man City’s youth sides, before departing to earn Championship promotion with Leicester.
Maresca then went on to win the Uefa Conference League and the Club World Cup with Chelsea during his 18-month spell in west London.
Guardiola is set to celebrate his time in English football with an open-top bus parade in Manchester after winning the Carabao Cup and FA Cup this season, but until Monday night, the manager had been notably vague over his future plans.
But before news broke of his shock exit, Guardiola had been keen to tamp down any suggestions that he would be commemorated with any fanfare.
‘The club don’t have to do anything, honestly,’ Guardiola, who has yet to officially confirm his departure, said. ‘The important thing in our lives is that when you look back, you can look with a big smile and say “that was good”.
‘Bernardo (Silva) and John (Stones) can feel that. We spoke about it over the last few days. When you’re old, a grandfather, you can look at the memories. That is the most important thing in life.’
Tired of addressing his contractual situation, Guardiola added with a dose of sarcasm: ‘Whatever happens at the end of the season – and when I extend my contract for three more years – I can look back and say, “how nice has that been?”
‘That is the most important thing by far. Most of the people who lived this time here together can feel it.’
-
Health & Wellness9 months agoPresident Tinubu Directs Cut in Dialysis Cost from ₦50,000 to ₦12,000
-
News10 months agoPICTURE: In Lagos Couple Sentenced to 22½ Years for Cannabis Trafficking
-
Business2 months agoDangote Refinery Reduces Petrol Gantry Price To ₦1,200 Per Litre
-
Trending News9 months agoNELFUND Disburses ₦86bn To 449,000 Beneficiaries
-
International News2 months agoIndian Police Arrest Nigerian Over ₦290m Drug Haul
-
Business2 years agoHeritage Bank Customers’ Path to Securing ₦5m Insured Funds: A Step-By-Step Guide by NDIC”
-
Business2 months agoAfter Plea Bargain, Court Discharges Stella Oduah of ₦2.5bn Fraud
-
Business2 years ago
Dangote; We Did Not Fix ₦600/Litre Petrol Price