MANILA, Philippines — The Philippines recorded its narrowest trade deficit in six months in August, signaling some improvement in the country’s trade balance. However, this positive development masked new signs of weakness, as higher American tariffs began to weigh on exports to the United States.
Filipino exports grew by 4.6 percent to $7.1 billion, marking the weakest pace of expansion in eight months, according to the Philippine Statistics Authority.
https://business.inquirer.net/550077/trump-tariff-starts-to-gnaw-on-philippine-exports