In the middle of mixed reactions towards the United States’ 19% tariff on Philippine exports, Nomura Global Markets Research stated that the country’s gross domestic product (GDP) growth could be cut by 0.4%, according to a BusinessWorld news report. Recently, US President Donald Trump and Philippine President Ferdinand “Bongbong” Marcos, Jr., met in the White House which resulted in the new tariff.
To put things in perspective, posted below is an excerpt from the news report of BusinessWorld. Some parts in boldface…
THE United States’ 19% tariff on Philippine goods could cut the Philippines’ gross domestic product (GDP) growth by 0.4 percentage point (ppt), Nomura Global Markets Research said.
In a report, Nomura said the US tariff of 19% on Philippine goods is “fairly high” and poses downside risks to growth.
“We estimate the direct effects could reduce our baseline GDP growth forecasts by a still-substantial 0.4 ppt in the Philippines.”
Nomura said this projection is “relatively substantial” compared to its baseline growth forecasts of 5.3% and 5.6% for this year and 2026, respectively.
“This is partly because we assigned 10% as the level where the reciprocal tariff rate could settle, on the assumption that the Philippines is a strong ally of the US and is not a third country for transshipments,” Nomura said.
“As it turns out, despite the visit to Washington by President Marcos and both sides reiterating the need for a strong partnership, the tariff was still set at 19%, which is even higher than the ‘Liberation Day’ level of 17%.”
Last week, Philippine President Ferdinand R. Marcos, Jr. met with US President Donald J. Trump at the White House in Washington, DC. Mr. Trump announced a 19% tariff would be imposed on Philippine goods, which will take effect starting Aug. 1.
“The trade ‘deals’ therefore represent upside surprises in terms of tariff rates, especially for the Philippines,” Nomura said.
“As a result, if implemented and these tariff rates are sustained, these will likely further weigh on growth in both countries relative to our current baseline forecasts.”
The government expects GDP to grow by 5.5-6.5% this year, lower than its previous target of 6-8%.
“While these ballpark estimates make sense to us, uncertainty remains high and these are ‘only’ taking into account the direct effects on these ASEAN countries’ exports to the US,” Nomura said.
These estimates do not account for sectoral tariffs, such as in semiconductors and pharmaceuticals, which are currently exempted, it added.
“But as our US team highlights, the risk is these could be set higher, though some countries could be exempted, adding to the uncertainty. As mentioned above, the details of the trade deals with Indonesia and the Philippines are still limited.”
Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the Philippines is in a serious disadvantage with the American tariff of 19% imposed on the nation’s exports? Do you think the Philippine economy still has strong momentum to reach 6% GDP growth by the end of this year?
The uncertainty about this year’s economic growth for the Philippines has gotten stronger as the Department of Finance (DOF) admitted that achieving 6% growth is quite difficult, according to a Manila Bulletin news report. The DOF pointed to external shocks that are affecting the national economy.
To put things in perspective, posted below is an excerpt from the Manila Bulletin news report. Some parts in boldface…
While the Philippine economy has already been recovering from its deep recession during the height of the Covid-19 pandemic, hitting its growth potential of six percent would be challenging given the global uncertainties spilling over domestically, according to the Department of Finance (DOF).
“We do think that the potential of the Philippines is at the minimum six-percent growth. But of course, it’s quite difficult, especially knowing some of the challenges that we’re seeing,” DOF Undersecretary and Chief Economist Domini Velasquez told reporters during the Philippine thrift banks’ annual convention on Tuesday, July 15.
Just before the initial three-month pause on reciprocal tariffs ended on July 9, United States (US) President Donald Trump had stretched it to Aug. 1, but hiked the rates for Philippine exports to 20 percent from 17 percent previously, repeatedly citing the “significant and persistent trade deficit” that the trade giant has with its former colony.
Velasquez noted that the tariff hike was among the uncertainties that the Cabinet-level Development Budget Coordination Committee (DBCC) had considered in downscaling its growth target for the year, through 2028.
Last month, the economic team slashed its 2025 GDP growth target to between 5.5 percent and 6.5 percent from six- to 6.5-percent previously. Cited as factors were heightened external uncertainties, especially the ongoing conflicts in the Middle East and the imposition of US tariffs.
Finance Secretary Ralph G. Recto told reporters during an informal press chat on Wednesday, July 16, that he expects the economy to accelerate “significantly” in the second quarter compared to the previous quarter.
“In effect, the target is still six percent for the year,” Recto noted, taking off from the recently revised growth goal. “Realistically, it’s probably around 5.7 percent or 5.8 percent for the year. It depends, because there’s a lot of uncertainty—uncertainty with trade policy.”
“But I think the second quarter will definitely be better than the first,” Recto said, noting that the improvement will be driven by both government and household consumption.
The DBCC had also narrowed the growth target range for 2026 to 2028 to six to seven percent, from the previously more ambitious six to eight percent.
“We did recognize those [tariffs]. When we dialed down on our growth target in 2025, it’s really because of the external factors that we were seeing,” Velasquez said.
Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the national economy is not strong enough to achieve 6% GDP growth by the end of this year? What do you think the national government should do to strengthen economic growth and make the Philippines more attractive to foreign investors? Do you think the Philippines still has a chance to convince America to lower its planned tariff on Philippine-made goods?
Months after initial communications were made (click here and here), Philippine President Ferdinand “Bongbong” Marcos, Jr. finally met with US President Donald Trump in the White House and this ultimately resulted in a 19% tariff on Philippine goods by America, according to two related news articles (click here and here) by the Philippine News Agency (PNA).
For the newcomers reading this, America initially announced a 17% tariff on products from the Philippines last April and it was recently revised to 20% which surprised many here in the Philippines. Now that the American tariff for Philippine goods has been settled at 19%, President Marcos called the reduction significant. It should be noted that America generated more than $100 billion in new revenue from tariffs under Trump this year.
To put things in perspective, posted below is an excerpt from the first PNA news article. Some parts in boldface…
Philippine exports to the United States (US) will now be subject to a 19 percent tariff, down from the 20 percent Washington initially planned to impose, US President Donald Trump announced following what he called a “beautiful visit” by President Ferdinand R. Marcos Jr. at the White House.
Part of the new deal includes granting zero tariffs for American products bound for the Philippines.
Philippine President Marcos with US President Trump at the White House. (photo source – the White House)
“It was a beautiful visit, and we concluded our Trade Deal, whereby The Philippines is going OPEN MARKET with the United States, and ZERO Tariffs. The Philippines will pay a 19% Tariff,” Trump posted on his Truth Social account early Wednesday (Manila time).
Press Secretary Karoline Leavitt tweet of President Trump’s TRUTH Social post about the meeting with President Marcos and new trade deal.
He also described Marcos as a “very good and tough negotiator.”
Latest data from the Philippine Statistics Authority showed that the US comprised the highest export value amounting to USD1.115 billion, or 15.3 percent of the country’s total exports in May this year.
Posted below is an excerpt from the other PNA news article related to Marcos’ description of the 1% reduction of tariff by America as well as his clarification about Philippines’ zero tariff approach on certain American products coming to the country. Some parts in boldface…
President Ferdinand R. Marcos Jr. defended the Philippines’ new trade arrangement with the United States (US), saying the reduced 19 percent tariff on Philippine exports—down from the proposed 20 percent—is a “significant achievement,” amid questions over its fairness.
“One percent might seem like a very small concession. However, when you put it in real terms, it is a significant achievement,” Marcos said in a press briefing following his meeting with US President Donald Trump at the White House on Wednesday (Manila time).
The President acknowledged that the new deal also opens key Philippine markets to American products—particularly vehicles, agricultural goods, and pharmaceuticals—but said the arrangement will benefit Filipinos through lower prices and stronger bilateral trade.
“We will open that market and no longer charge tariffs on that… para makamura naman ‘yung mga – maging mas mura ‘yung gamot natin (so we can lower the cost of medicines),” he said.
Marcos said while the 19 percent tariff on Philippine goods is still substantial, it reflects a step forward in trade engagement with Washington D.C. and lays the groundwork for future negotiations.
For transparency, posted below is the official video from the White House YouTube channel.
Let me end this post by asking you readers: What is your reaction to this recent development? Do you realize that there is a lot more about US and Philippines relations that go beyond the newly agreed trade agreement? Do you think America’s 19% tariff on exports from the Philippines will add challenged to the Philippine economy? What do you think about the Trump-Marcos meeting? Did you pay attention to the planned Subic Bay ammunition manufacturing plant that was mentioned? If you are based in the Philippines, do you look forward to importing American-made vehicles, agricultural products and pharmaceutical products once they enter the country without any tariffs imposed on them? Do you think the newest exchange between Trump and Marcos will make Communist China concerned or worried?
Welcome back my readers, YouTube viewers and all others who followed this series of articles focused on YouTube videos worth watching. Have you been searching for something fun or interesting to watch on YouTube? Do you feel bored right now and you crave for something to see on the world’s most popular online video destination?
I recommend you check out the following videos I found.
#1 How to catch a shark and prepare it for consumption – If you are fond of fishing, have you ever tried catching a shark and then preparing it for cooking and eating? You can learn a lot from the video of Darcizzle Offshore which showed how a blacktip shark was caught. That being said, let me ask you – when was the last time you had shark for a meal? Watch the video below.
#2 Arcade games that never got ported – Through the decades, I visited the local arcades and played a lot of games. Along the way, there were times when I simply watched other games being played by others. Being an avid gamer, I noticed that there were several games of the arcade that never got ported on to consoles nor home computers nor the mobile devices. I recently stumbled on this video by Just Jamie which is entertaining to watch.
#3 Female bodybuilders and fitness influencers who died this year – With your current knowledge about health, do you often think that being healthy and being very muscular are always related with one another? Did you believe having a bulked up body means you are healthy? Believe it or not, there are already some female bodybuilders who did recently and certain details behind their deaths might shock you. Watch and learn from the video below.
#4 You, Me and the Movies posted another Friday The 13th (1980) reaction video – In July of 2021, YouTuber You, Me and the Movies posted its reaction video of 1980’s Friday The 13th. Recently, You, Me and the Movies posted another reaction video of the same movie but “Mrs. Movies” has been replaced by her sister Berly. I encourage to watch the video below.
#5 Fig Newtons remembered – Back in the 1980s, I saw an eye-catching print ad of the snack Fig Newtons while reading a superhero comic book here in the Philippines. Some years later, I managed to eat Fig Newtons imported from the United States and it was delicious to eat. If anyone of you likes snacks in general or if you really loved eating Fig Newtons before, posted below for your viewing pleasure and learning is a video about the history of Fig Newtons.
#6 SwordQuest contests and prizes remembered – Back in the 1980s, Atari released on their Atari 2600 console a fantasy-themed series of video games called SwordQuest. Not only did they release three SwordQuest games (click here, here and here), the company even organized contests (about the games) that had luxurious prizes made of real gold and jewels for champions. To take a close look at the events that happened – complete with archive video footage and pictures – watch the video by Save Data below.
#7 Ashleigh Burton reacts to Moonraker – If you are less than thirty years-old and you started watching James Bond movies in the 21st century, were you able to watch the movie that had Agent 007 go to outer space? 1979’s Moonraker is the one and only James Bond movie (starring the late Roger Moore) that featured space travel and even laser battles in space. Moonraker was also the first James Bond movie to surpass the $200 million mark in global ticket sales. For some people, Moonraker aged badly but for some it still is entertaining to watch. To find out more about Moonraker, watch Ashleigh Burton’s reaction video below.
#8 The international box office weakness of James Gunn’s Superman explained – No matter what Warner Bros. did and no matter the overseas promotional tours done by the filmmakers and stars of James Gunn’s Superman, the movie ended up as a box office disappointment outside of America grossing only $95 million during its first international weekend. In fact, the new Superman movies could not take down Jurassic World: Rebirth in certain countries during the weekend of July 11-13, 2025. As America generated the majority of its ticket sales, the movie has lesser chances of making $1 billion worldwide and I would not be surprised to see it gross less than 2013’s Man of Steel ($670 million worldwide). To learn why James Gunn’s Superman is already a commercial disappointment with moviegoers outside of America, watch the videos below.
Welcome back my readers, YouTube viewers and all others who followed this series of articles focused on YouTube videos worth watching. Have you been searching for something fun or interesting to watch on YouTube? Do you feel bored right now and you crave for something to see on the world’s most popular online video destination?
I recommend you check out the following videos I found.
#1 Calvin Dyson’s The Spy Who Love Me in-depth review – One of the best James Bond-focused YouTubers is Calvin Dyson. Years ago, he posted his in-depth retro review of The Spy Who Loved Me – starring the late Roger Moore – which is pretty entertaining to watch. I saw the 1977 James Bond film a number of times in my life and I can say that Dyson not only made an engaging retro review, he also provided crucial insight about the movie. For those who have not seen The Spy Who Loved Me, watch it first entirely before watching Dyson’s spoileriffic review. Otherwise, enjoy his video belo.
#2 Slope’s Game Room examines Popeye video games – Growing up, I saw cartoon episodes about Popeye. I also read a few comic books about the character and even saw the live-action movie of 1980. When it comes to retro gaming, I played the Popeye Game & Watch game and then the Family Computer (Famicom) port of the Popeye arcade game. I recently found Slope’s Game Room’s retrospective video about Popeye games and to my surprise, there were more video games about the character which I never played. To discover the Popeye games and their collective history, watch the video below.
#3 The decades-old conflict between Donald Trump and Rosie O’Donnell – In case you somehow missed the buzz all the time, the conflict between Donald Trump and Rosie O’Donnell has lasted for decades. As far as the modern age is concerned, Trump successfully returned as President of the United States and O’Donnell left America for another country. The truth about Rosie O’Donnell is that you cannot trust her and you should never let her manipulate. Behind all the Hollywood glamor and entertainment glitter, Rosie O’Donnell is problematic and unstable. Her conflict with Trump goes a very long way back and I urge you to watch the video below. It is both entertaining and compelling to watch.
#4 Friday The 13th (1980) reaction videos – Do you find the 1980 horror movie Friday The 13thnotable if not special at all? For me, there is absolutely nothing special about the slasher horror film directed by Sean Cunningham (read my retro movie review by clicking here). If there is anything notable about it, it would be its economic achievement of grossing almost $60 million worldwide on a negative cost of less than $3 million (including marketing and distribution costs). When it comes to story, cinematic concepts and performances, it is still pretty weak. Still the flaws of Friday The 13th (1980) did not stop it from becoming a popular film of choice for reaction videos by YouTubers. For your interest, posted below are assorted reaction videos of the movie.
#5 Reviews of James Gunn’s Superman – Now playing in theaters worldwide, James Gunn’s Superman is bringing in a lot of money. Of course, commercial success does not clearly reflect the film’s overall quality nor the reviews it gathered from the corrupted mainstream media and from independent bloggers and content creators. It also sucks that there are some movie-focused websites that signed marketing deals with contractors of movie studios that guaranteed not only constant film promotion but also the publishing of overall positive reviews. That being said, I encourage you to take time out to watch the selected video reviews of James Gunn’s Superman below sourced from four YouTubers. If you have not seen the new movie in the cinema and you are leaning towards watching it soon, then the videos below are a must-see.
Welcome back my readers, YouTube viewers and all others who followed this series of articles focused on YouTube videos worth watching. Have you been searching for something fun or interesting to watch on YouTube? Do you feel bored right now and you crave for something to see on the world’s most popular online video destination?
I recommend you check out the following videos I found.
#1 Ashleigh Burton and Popcorn in Bed react to The Spy Who Love Me – Remember The Spy Who Loved Me? Released in 1977, the film was Roger Moore’s 3rd performance as James Bond and it was also the start of Albert Broccoli’s full control of the film franchise after breaking up with his partner. The filmmakers went all-in making The Spy Who Loved Me filled with a lot of thrills, dangerous stunts and a twist on Cold War politics to not only delight James Bond fans but also attract moviegoers who wanted something grand and fun to watch. That being said, you should watch how this 1977 Agent 007 movie drew reactions from Ashleigh Burton and Popcorn in Bed.
#2 PatmanQC examines Chase H.Q. – I never played Chase H.Q. in the arcade nor any of its ports on consoles and home computers. Historically, the game was a huge arcade hit and it was praised by game critics during its time. Chase H.Q. offered players the unique experience of playing a police officer (who has a partner) and must drive a fancy car to chase criminals who are trying to get away on the road. The game is an inspired work and if you want to discover more about how it was made and who the creators were, watch the in-depth video of PatmanQC below.
#3 James Gunn’s Superman controversy – By the time you are reading this, James Gunn’s Superman movie is already playing in theaters around the world. Just before it was released, James Gunn confirmed in a media interview that his take on DC Comics’ icon is indeed political and he even used the word “jerks” to refer to those who reject his movie. For analysis, explanations and opinions, watch the videos below.
#4 You, Me and the Movies react to Cannonall Run II – Believe it or not, the first Cannonball Run movie I ever saw was the 2nd movie titled Cannonball Run II. Released worldwide in 1984, Cannonball Run II had an all-star cast, stunts and a lot of comedy but ultimately it failed to match the commercial success of its predecessor. You, Me and the Movies recently posted its reaction video of the sequel and it deserves your attention.
#5 When Obama mocked Donald Trump – Remember back in 2011 when Barack Obama – and the elite – mocked Donald Trump during the White House Correspondents’ Dinner? Back then, Obama was US President and he abused his authority to put down Trump (who was rumored to run for President in the 2012 contest) to conveniently boost his own chances of for re-election. Not only that, Obama’s elite allies also pounced on Trump. By today’s standards, the 2011 event is painful for the liberals, the woke, the Satanic Left and the Democratic Party because Trump got elected as US President twice. No matter what Obama and the Satanic Left did, Trump only got stronger and hit back at them hard. Watch the video below.
It has been more than a week since Microsoft announced its latest round of layoffs affecting not only thousands of employees but also Team Xbox, its game studios and certain game projects as well.
To be clear, this is not the first time Microsoft had layoffs this year but it is much more significant because the latest layoff round hit Xbox really hard and already Xbox fans and gamers saw their excitement about future video games drop. It is important to keep in mind that Microsoft and its Xbox division are both profitable which makes the new round of layoffs baffling to some. So far this year, over 15,000 employees were laid of by the technology giant. With the layoffs affecting Xbox’s developers and projects, there are matters that concerned both the Xbox fans and gamers who could have joined in.
Firstly, the Xbox game studio The Initiative will be closing down and their high-profile game Perfect Dark (which involved Crystal Dynamics) has officially been cancelled. This is tragic because Team Xbox had the opportunity to reboot the decades-old Perfect Dark franchise, delight the long-time PD fans while offering other gamers something new and exciting to play. A lot of gamers have been anticipating Perfect Dark for many years now only to end up frustrated.
The Perfect Dark reboot is no more!
Secondly, the successful and reliable Xbox game studio Turn 10 saw several of its employees laid off and their team will reportedly work as a supporter for Playground Games. For the newcomers reading this, Turn 10 created and built up the Forza Motorsport franchise of simulation racing games that started in 2005. To see Turn 10 get demoted and work on support duty for Playground Games on the Forza Horizon franchise is just very odd and baffling. Could this mean that Forza Motorsport (2023) is the last game of its franchise? Do you think a leaner Turn 10 will still be able to make another Forza Motorsport game?
Thirdly, the much-delayed Xbox game Everwildgot cancelled and its developer also suffered from the Microsoft layoffs. This unfortunate development only added to the perception that developer Rare (the team behind many hit games it made with Nintendo decades ago) kept going downhill creatively, critically and commercially. Considering how long the game development lasted, I can only imagine that many millions of Dollars were spent on Everwild and Microsoft decided to pull the plug.
Fourthly and most notably, Xbox head Phil Spencer’s official email (addressed to employees) related with the huge layoffs was revealed and its content has been posted below for you to see. Some parts in boldface…
Today we are sharing decisions that will impact colleagues across our organization. To position Gaming for enduring success and allow us to focus on strategic growth areas, we will end or decrease work in certain areas of the business and follow Microsoft’s lead in removing layers of management to increase agility and effectiveness. Out of respect for those impacted today, the specifics of today’s notifications and any organizational shifts will be shared by your team leaders in the coming days.
I recognize that these changes come at a time when we have more players, games, and gaming hours than ever before. Our platform, hardware, and game roadmap have never looked stronger. The success we’re seeing currently is based on tough decisions we’ve made previously. We must make choices now for continued success in future years and a key part of that strategy is the discipline to prioritize the strongest opportunities. We will protect what is thriving and concentrate effort on areas with the greatest potential, while delivering on the expectations the company has for our business. This focused approach means we can deliver exceptional games and experiences for players for generations to come.
Do you miss the good old days of Xbox? Are you a long-time Xbox gamer who became disappointed over Team Xbox’s decisions and releases? You are not alone!
Prioritizing our opportunities is essential, but that does not lessen the significance of this moment. Simply put, we would not be where we are today without the time, energy, and creativity of those whose roles are impacted. These decisions are not a reflection of the talent, creativity, and dedication of the people involved. Our momentum is not accidental—it is the result of years of dedicated effort from our teams.
HR is working directly with impacted employees to provide severance plan benefits (aligned with local laws), including pay, healthcare coverage, and job placement resources to support their transition. Employees whose roles were eliminated are encouraged to explore open positions across Microsoft Gaming, where their applications will be given priority review.
Thank you to everyone who has shaped our culture, our products, and our community. We will move forward with deep appreciation and respect for all who have contributed to this journey.
This is my opinion about Spencer’s message…as head of Xbox, Spencer is really powerless and he has no choice but to follow orders from Microsoft’s top management whose views about video game culture and interests do not really match with what we gamers and the game makers have. For Microsoft’s leadership, they have a business to run but it is clear that gaming (electronic entertainment) won’t be going away soon and they will keep investing more money in video game projects. Of course, Microsoft expects healthy returns on its investments which is why they will keep the Game Pass subscription service moving, offer games to varied users (console, computer, mobile and cloud) and they will push through with the next-generation Xbox with AMD as a bigger strategic partner.
Regarding layoffs reaching thousands, it is depressing on face value because those who lost their jobs will have to deal with the high costs of living in first world economies like the United States and in parts of Europe. However, I see an opportunity that others cannot see…the opportunity for Team Xbox to get rid of their least-productive employees as well as laying off the woke activists scattered among the employees of the many Xbox game studios. As seen in entertainment over the past several years, woke activists working in movies, video games, comic books and TV shows do not prioritize quality, do not care about the fans, and they keep on abusing the company resources as they prioritized their Leftist agenda. Is it any wonder why modern entertainment sucks? Did you notice the use of pronouns in Xbox games?
To be fair, Microsoft and Team Xbox both have been woke for years already. In America, the tone of society has changed drastically ever since Donald Trump successfully returned as United States President. Perhaps Microsoft and Xbox executives realized that they should get rid of DEI (diversity, equity and inclusion) from their business practices and corporate culture before the wave of change under Trump’s America leaves them behind. As of this writing, Trump is making America great again and the woke know they are losing the culture war.
As US President Trump is reshaping America to be great again, meritocracy has become essential too. This means DEI (diversity, equity and inclusion) really has no place in government, business, entertainment and culture. DEI must DIE!
I can only speculate that as Xbox game studios each have less employees to work with, there could be a renewed effort to focus more on making high-quality video games that are both enjoyable to play and worth the money of customers. The Outer Worlds 2, which will be released this October, has an eye-catching American price of $79.99 (regular edition) and already a lot of gamers – including The Outer Worlds fans – find the price excessive.
The way things are right now, the future of Xbox looks gloomy and the excitement of the Xbox fans and other gamers have weakened. That being said, we can only wait and see what will happen next in the near future. Perhaps a month from now, Team Xbox will clarify what direction they are headed to and what exciting projects or events fans can still look forward to.
How do you gamers feel about Xbox gaming right now? If you are an Xbox fan, are you feeling disappointed with the cancellation of Perfect Dark and Everwild? Do you think it is time for Team Xbox’s leadership to be changed now that Microsoft impacted the gaming projects and work forces?
Starting August 1, 2025, the United States of America (USA) will impose a 20% tariff on all and any Philippine-made products coming into their shores as stated in US President Donald Trump’s official letter to President Ferdinand “Bongbong” Marcos, Jr., according to a Philippine News Agency (PNA) news article. In response, the Philippines wants to renegotiate with America while there is still time.
For the newcomers reading this, America previously set a 17% tariff on the Philippines when Trump unveiled last April the many tariff rates on many nations. The Philippines was confident about the negotiations they had with their American counterparts.
To put things in perspective, posted below is an excerpt from the PNA news article. Some parts in boldface…
The Philippine government is looking to renegotiate the 20 percent tariff imposed by the Trump administration on Philippine goods, according to Philippine Ambassador to the US Jose Manuel Romualdez.
In a letter dated July 9 addressed to President Ferdinand R. Marcos Jr., US President Donald Trump announced that beginning Aug. 1, 2025, the US will raise tariffs on Philippine goods to 20 percent—up from the previously announced 17 percent rate.
In a text message to the Philippine News Agency on Thursday morning, Romualdez said Manila would formally request a review of the tariff hike from Washington D.C.
Trump, in his letter, recognized the Philippine-US trade relations and said the latter has “agreed to continue working with the Philippines, despite having a significant trade deficit.”
“Starting on August 1, 2025, we will charge the Philippines a Tariff of only 20 percent on any and all Philippine products sent into the United States, separate from all Sectoral Tariffs,” it read.
Trump said there would be “no tariff if the Philippines, or companies within” the country decide to build or manufacture products within the US.
The US, he added, is also open to “reconsider an adjustment” if the country opens its “closed trading markets to the United States,” and eliminates its “tariff, and non-tariff policies and trade barriers.”
“These tariffs may be modified, upward or downward, depending on our relationship with your country,” he said.
Trump, meanwhile, warned Manila against reciprocating the move with a tariff increase.
“If for any reason you decide to raise your Tariffs, then, whatever the number you choose to raise them by, will be added onto the 20 percent that we charge,” he said.
For transparency, posted below is the 2-page letter of Trump to Marcos regarding tariffs.
The first page.
The 2nd page.
Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the Philippines fell short in its recent negotiations with the United States which resulted in a higher tariff at 20%? Do you think the economic managers of the Philippines can convince America to delay, if not lower, the declared tariff? Do you think a 20% tariff rate by America will hurt the economy of the Philippines this year?
Welcome back my readers, YouTube viewers and all others who followed this series of articles focused on YouTube videos worth watching. Have you been searching for something fun or interesting to watch on YouTube? Do you feel bored right now and you crave for something to see on the world’s most popular online video destination?
I recommend you check out the following videos I found.
#1 Retrospective look back at Heaven’s Gate – If you love watching movies, have you ever seen Heaven’s Gate? That 1980 movie directed by Michael Cimino was a very expensive commercial and critical failure. Cimino had blank check power which drained United Artists’ funds and he executed a lot of moves to ensure authenticity for filming believing he had something great for cinema. While the movie has been praised a lot more since he re-cut the film (Criterion Collection Blu-ray is available online), it is important to look back at its history as it is a fact that its failure destroyed Cimino’s credibility as well as the New Hollywood era entirely. How was Isabelle Huppert hired, who led United Artists, what cases of animal cruelty happened and how the actors described the production can be seen in the Final Cut video below. For entertainment value, I added Critical Drinker’s explanatory video and the 3-part movie review by Cinema Snob.
#2 Animated portrayal of an ntense scene from the Jurassic Park novel – If you have seen Steven Spielberg’s Jurassic Park, were you able to read the novel by Michael Crichton? I read the novel after seeing the film in 1993 and I was struck at how different literary Jurassic Park really was. The movie was not really based on it but inspired by it, and there were so many differences between them. The literary Jurassic Park was much more violent, John Hammond was greedy and self-centered, and there were two Tyrannosaurs. The novel also had memorable scenes that movie never adapted, and one of them was the violent encounter with the adult Tyrannosaur on the main road which was animated well by YouTuber InGen 2D. Watch the video below.
#3 The successful American strike on Iran’s nuclear sites explained – America’s successful bombing of three nuclear sites of terrorist state Iran was very tremendous politically and militarily. It helped Israel win its 12-day war with Iran and right now the wicked regime led by the Ayatollah has been weakened significantly as multiple military commanders and nuclear scientists have been eliminated. With Iran severely weakened, it won’t be able to fund and arm Palestinian terrorist group Hamas, Hezbollah and the Houthi terrorists. The Americans used stealth B-2 bombers which traveled into Iran undetected for the attack. To know the details, watch the explanatory video of TBN Israel below.
#4 Unsolved Mysteries Season 6 Episode 2 – I found another engaging episode of Unsolved Mysteries hosted by the late Robert Stack. The 2nd episode from the sixth season of the show has an in-depth look at the Mystery Robber, an Australian pilot’s encounter with a UFO, and more. There is a lot to enjoy or discover in the episode below.
#5 Jurassic World revisited – It has been ten years since Jurassic World was first released in cinemas. While the movie was highly successful in terms of ticket sales, I myself did not enjoy it much and very clearly it was the further bastardization of dinosaurs and core concepts of Jurassic Park (both novel and the 1993 movie). Having more action and more dinosaurs with humans trapped on an island did not work for me and the only movie that executed those elements well as the first one directed by Spielberg. Still, there are lots of YouTubers who posted videos about Jurassic World and you can see how the movie impacts them and what they think about it in the selected videos below.
#6 You, Me and the Movies react to April Fool’s Day – Released in 1986, April Fool’s Day is a dark comedy, mystery, slasher film that follows several college students on an island estate. On face value, it looked like a typical slasher horror film but it offered moviegoers something else. You should watch how You, Me and Movies react to it in their video below.
They finally did it! The United States Agency for International Development (USAID) –the independent agency of the American government responsible for administering civilian and foreign aid – was formally shut down by the Trump administration and has been incorporated into the State Department, according to a news report by Breitbart.
It should be remembered that USAID was heavily abused for a long time and a lot of taxpayers’ money was abused for questionable and wrongful purposes around the world such as funding LGBTQ projects, pushing abortion overseas, overseas tourism promotions, terrorist funding, creating a Sesame Street in Iraq, creating a mural in Parañaque City, and more.
As expected, there are high-profile figures who still want USAID to continue even though the abuses have been exposed. This new development with USAID is undeniably a major change decades in the making and United States Secretary of State Marco Rubio issued statements defending the move.
To put things in perspective, posted below is an excerpt from the Breitbart news report. Some parts in boldface.
The US foreign aid agency formally closed down Tuesday, with President Donald Trump’s administration trumpeting the end of the “charity-based model” despite predictions that millions of lives will be lost.
Founded in 1961 as John F. Kennedy sought to leverage aid to win over the developing world in the Cold War, the US Agency for International Development (USAID) has now been incorporated into the State Department — after Secretary of State Marco Rubio slashed 85 percent of its programming.
In a farewell to remaining staff on Monday, former presidents George W. Bush and Barack Obama — as well as U2 frontman Bono — saluted their work and said it was still needed.
Bush pointed to PEPFAR, the massive US effort to fight HIV/AIDS that he considers one of the top achievements of his 2001-2009 Republican presidency.
“This program shows a fundamental question facing our country — is it in our nation’s interest that 25 million people who would have died now live? I think it is,” Bush said in a video message seen by AFP.
Obama, who like Bush has been sparing in openly criticizing Trump, said that ending USAID was “inexplicable” and “will go down as a colossal mistake.”
“Gutting USAID is a travesty and it is a tragedy because it’s some of the most important work happening anywhere in the world,” the Democrat said.
A study published in the medical journal The Lancet predicted that more than 14 million people would die, a third of them small children, by 2030 due to the foreign aid cuts.
‘Little to show’ – Rubio painted a drastically different picture of USAID, which was an early target of a sweeping government cost-cutting drive led for Trump by billionaire Elon Musk.
Rubio said that USAID’s “charity-based model” fueled “addiction” by developing nations’ leaders and that trade was more effective.
“Beyond creating a globe-spanning NGO industrial complex at taxpayer expense, USAID has little to show since the end of the Cold War,” Rubio wrote in an essay.
He also complained that many recipients of US aid do not vote with the United States at the United Nations and that rival China often enjoys higher favorability among the public.
A senior State Department official, speaking on condition of anonymity, said that The Lancet study relied on “incorrect assumptions” and said the United States will continue aid but in a “more efficient” way.
He said that PEPFAR will remain, with a priority on stopping HIV transmission from mothers to children.
But he acknowledged the United States was no longer funding PrEP medication, which significantly reduces the rate of HIV transmission and has been encouraged by high-risk communities.
“No one is saying that gay men in Africa shouldn’t be on PrEP. That’s wonderful. It doesn’t mean that the United States has to pay for every single thing,” the official said.
He said the Trump administration was looking at “new and innovative solutions” and pointed to food deliveries in war-battered Gaza staffed by US military contractors and surrounded by Israeli troops.
Witnesses, the United Nations and local Gaza officials have reported that Israeli troops have repeatedly opened fire and killed Palestinians waiting for aid — although the US-backed initiative, the Gaza Humanitarian Foundation, denies any deadly incidents.
Let me end this piece by asking you readers: What is your reaction to this development? Are you satisfied with the formal end of USAID and its incorporation into the State Department? Do you think a lot of people’s lives around the world will suffer from the shutdown of assistance from USAID?
Author Carlo Carrasco 